M$2-9($Algo$)$ Calculating Predetermined Overhead Rate $[$LO $2-3]$

Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $$260,000$ and direct labor hours to be $20,000.$ Actual overhead for the year was $$285,000.$

Required:

Compute the predetermined overhead rate.

If the company actually used $23,000$ direct labor hours, how much manufacturing overhead is applied to their job?

Complete this question by entering your answers in the tabs below.

Required $1$

Compute the predetermined overhead rate.

Note: Round your answer to $2$ decimal places.

Predetermined Overhead Rate