The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31: Estimated
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Question:
The following information has been gathered for Foxmoor Industries for its fiscal year ending December 31:
| Estimated factory overhead costs | $ | 1,500,000 | |
| Actual factory overhead costs | $ | 1,776,400 | |
| Estimated labor hours | 48,000 | ||
| Actual labor hours | 51,700 | ||
| Estimated labor costs | $ | 756,000 | |
| Actual labor costs | $ | 840,125 | |
| Estimated machine hours | 96,000 | ||
| Actual machine hours | 102,600 |
What is the predetermined factory overhead rate per labor dollar?
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