Following is partial information for Delamunte Industries for the month of August:
Following is partial information for Delamunte Industries for the month of August: Work In Process $ 41,000 Balance, August 1 Direct materials used Direct labor Manufacturing overhead applied 75,000 120,000 90,000 Jobs finished during August are summarized heree Job # 234 237 231 246 Cost of Jobs Completed $58,000 65,000 74,500 67,500 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. (Round your answer to 2 decimal places.) Predetermined Overhead Rate per Direct Labor dollar
