Question: please answer the following questions based on the problem mentioned in pictures. 1. Calculate the predetermined overhead rate for the current year. (round your answer


Tiana Shar, the controller for Bondi Furniture Company, is in the process of analyzing the overhead costs for the month November. She has gathered the following data for the month The firm's job-order costing system uses direct-labor hours (measured at practical capacity) as the cost driver for overhead application. In December of the preceding year, Shar had prepared the following budget for direct-labor and manufacturing-overhead costs for the current year. The plant is theoretically capable of operating at 150,000 direct-labor hours per year. However, Shar estimates that the practical capacity is 120,000 hours in a typical year. During November the following jobs were completed: Assist Shar by making the following calculations. Required: 1. Calculate the predetermined overhead rate for the current yar. (Round your answer to 2 decimal places.)
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