Edibility Co has estimated the following operating data for the current year Direct labor hours 25000 Machine hours 11000 Direct materials cost $ 71000 Manufacturing overhead $ 153000 Assume that Edibility Co computes a predetermined overhead rate annually based on direct materials cost During March, Edibility Co works on 2 jobs, and accumulated the following actual operating data by job Job 1 Job 2 Total Direct labor hours 376 1624 2000 Machine hours 316 729 1045 Direct materials cost $ 1950 $ 3020 $ 4970 The direct labor wage rate is $ 18 per hour during March Actual manufacturing overhead for March is $ 9945 What is the predetermined overhead rate (per $ of direct materials cost ) that Edibility Co will use during the current year Round the rate to the nearest penny for your answer and use in other calculations How much overhead will Edibility Co apply in March to Job 1 Round your answer to the nearest dollar How much direct labor costs will be charged to Job 1 during March

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Question: Edibility Co. has estimated the following operating data for the current year: Direct labor hours: 25000 Machine hours: 11000 Direct materials cost: $ 71000 Manufacturing

Edibility Co. has estimated the following operating data for the current year: Direct labor hours: 25000 Machine hours: 11000 Direct materials cost: $71000 Manufacturing overhead: $153000 Assume that Edibility Co. computes a predetermined overhead rate annually based on direct materials cost. During March, Edibility Co. works on 2 jobs, and accumulated the following actual operating data by job:

	Job -1	Job -2	Total
Direct labor hours	376	1624	2000
Machine hours	316	729	1045
Direct materials cost	$1950	$3020	$4970

The direct labor wage rate is $18 per hour during March. Actual manufacturing overhead for March is $9945. What is the predetermined overhead rate (per $ of direct materials cost) that Edibility Co. will use during the current year? Round the rate to the nearest penny for your answer and use in other calculations. How much overhead will Edibility Co. apply in March to Job-1? Round your answer to the nearest dollar. How much direct labor costs will be charged to Job-1 during March?

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