Question: A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year. the company had

A company uses job-order costing and allocates costs using direct labor

A company uses job-order costing and allocates costs using direct labor hours as the cost driver. At the beginning of the year. the company had estimated the following: Estimated total overhead cost: $900,000 Estimated total direct labor hours: 980 hours At the end of the year, the company's actual results indicated the following: Actual total overhead cost: $718,200 Actual direct labor hours: 69 hours What was the company's predetermined manufacturing overhead rate for the year? (Round to the nearest dollar and cents.)

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