Sweet Co. uses budgeted overhead rates to apply overhead to individual jobs. They use a system based on direct labor hours. Last year, the company made the following estimates for this year.

Direct labor costs $42,000,000

Factory overhead costs $7,500,000

Direct Labor Hours 150,000

Machine Hours 100,000

(a) What is the budgeted overhead rate for the company?

Answer rating: 100% (QA)

Direct labor costs 42000000 Factory over... View the full answer