Business, 05.02.2021 22:00, angeles86

O'Reilly Corporation uses direct labor-hours to calculate its annual plantwide predetermined overhead. For the current period's estimated level of production, O'Reilly Corporation estimated that 28,000 direct labor-hours would be required. Estimated fixed manufacturing overhead cost is $524,000 for the current period and variable manufacturing overhead cost of $4.00 per direct labor- hour. O'Reilly Corporation's actual manufacturing overhead cost for the period was $692,957 and its actual total direct labor was 28,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Predetermined overhead $ 22.39 DLH per rate

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O'Reilly Corporation uses direct labor-hours to calculate its annual plantwide predetermined overhea...