Problem 3-55 Predetermined Overhead Rate; Different Time Periods; Pricing (LO 3-4) [The following Information applies to the questions displayed below.] Troy Electronics Company calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year. First quarter Second quarter Third quarter Fourth quarter Total Estimated Manufacturing Overhead Quarterly Predetermined labor hour) Estimated Direct-Labor Overhead Rate (per direct- Hours $ 75,000 25,000 ? 80,000 16,000 ? 37,500 12,500 ? 70,000 $262,500 14,000 67,500 ? The firm's main product, part number A200, requires $200 of direct material and 20 hours of direct labor per unit. The labor rate is $10 per hour.