Foster Enterprises makes custom-order draperies. In late 2013, when managers prepared the budget for 2014, they estimated that manufacturing overhead would total $89,540. Because the production process is labor intensive, overhead is allocated to jobs based on direct labor hours. Managers expected total direct labor hours to amount to 407,000 hours.

During March and April of 2014, employees worked on only three jobs. Relevant information for all three jobs is given below:

Monthly Data Recorded Job 76 Job 77 Job 78

March

Direct materials cost $13,011 _ _

Direct labor cost $36,089 _ _

Direct labor hours 3,836 _ _

April

Direct materials cost $0 $10,951 $6,253

Direct labor cost $9,794 $22,824 $2,882

Direct labor hours 1,017 2,575 469

Job 76 was started in March, completed in April, and delivered to the customer in the same month. Job 77 was started in April, completed in April, and delivered to the customer in May. Job 78 was started in April and concluded in May.

I am not able to answer the following:

What predetermined overhead rate will the company use for all jobs worked on during 2014?(Round Overhead rate to 2 decimal places, e.g. 15.25.)

Overhead rate$/DLH

Please check and see what you can do. I appreciate your help

Siddharth Kuppa