The round table company estimates factory overhead at £450,000 for the next fiscal year. It is estimated that 90,000 units will be produced at a material cost of £600,000. Conversion will require an estimated 100,000 direct labor hours at a cost of £3.00 per hour, with 45,000 machine hours
Required: compute the predetermined factory rate based on;
a. Material cost
b. Units of production
c. Machine hours
d. Direct labor cost
e. Direct labor hours