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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow Units
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Basic 800 4,300 3.400 $9.000 55,000 Dominator 250 2,500 2,600 $ 3,750 37,500 Total 1.050 6.800 6,000 $ 12,750 92.500 214,40 $319,600 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs (Round your answer to 2 decimal places.) Predetermined overhead rate of direct labor cost
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