Solved: Overhead rate as a percentage of direct labor cost, Accounting Basics

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Overhead rate as a percentage of direct labor cost

Problem:

Morales Company's manufacturing overhead budget shows total variable cost of $198,000 and total fixed cost of $162,000. Total production in units is expected to be 160,000. It takes 15 minutes to make one unit, and the direct labor rate is $15 per hour. Express the manufacturing overhead rate as a percentage of direct labor cost, and an amount per direct labor hour.

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Accounting Basics: Overhead rate as a percentage of direct labor cost

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Accounting Basics: Overhead rate as a percentage of direct labor cost

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