At the beginning of a year, a company predicts total direct materials costs of $1,010,000 and total overhead costs of $1,270,000. if the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year?

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600