Jacob Coporation uses direct labor-hour as its allocation base for its predetermined overhead rate. At the...

 

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Jacob Coporation uses direct labor-hour as its allocation base for its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $366,000. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,000, and the actual manufacturing overhead was $359,200. The predetermined overhead rate is: Jacob Coporation uses direct labor-hour as its allocation base for its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $366,000. At the end of the year, actual direct labor-hours for the year were 24,000 hours, manufacturing overhead for the year was overapplied by $8,000, and the actual manufacturing overhead was $359,200. The predetermined overhead rate is:

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