The bondi company uses a predetermined overhead rate in applying overhead to production orders on a direct labor cost basis in department a and on a machine hour basis in department b. at the beginning of the year, the company made the following estimates: dept. a dept. b direct labor cost $ 62,000 $ 42,000 factory overhead $ 95,480 $ 47,120 direct labor hours 6,200 9,200 machine hours 2,200 15,200 what predetermined overhead rate would be used in department a and department b, respectively?

Instructions are listed below

Explanation:

Giving the following information:

The Bondi Company uses a predetermined overhead rate in applying overhead to production orders on a direct labor cost basis in Department A and on a machine hour basis in Department B.

Dept. A

Factory overhead $ 95,480

Direct labor hours 6,200

Dept. B  

Factory overhead $ 47,120  

Machine hours 15,200

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Dept A:

Estimated manufacturing overhead rate= 95480/6200= $15.4 per direct labor hour

Dept B:

Estimated manufacturing overhead rate= 47120/15200= $3.1 per machine hour

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- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.