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Wasatch Company anticipates that they will incur the following costs and expenses during the coming year: Direct material: $160,000 Direct Labor (@$11/hr.): 87,000 Indirect material:
Wasatch Company anticipates that they will incur the following costs and expenses during the coming year:
| Direct material: | $160,000 |
| Direct Labor (@$11/hr.): | 87,000 |
| Indirect material: | 20,000 |
| Indirect labor: | 12,000 |
| Factory depreciation: | 15,000 |
| Selling expenses: | 21,000 |
| Non-factory office expenses: | 19,000 |
| Other manufacturing overhead: | 17,000 |
If manufacturing overhead is assigned on the basis of direct labor hours, what is the predetermined manufacturing overhead rate for the coming year?
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