Problem 3-56 Predetermined Overhead Rate; Different Time Periods; Pricing (LO 4) [The following information applies to the questions displayed below.] Rochester Heating Systems, Inc. calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year Quarterly Predetermined Overhead Rate (per Estimated Manufacturing Direct-Labor direct-labor Hours 25,000 Estimated Overhead hour) First quarter $100,000 Second 96,000 16,000 12,500 14,000 quarter Third quarter 37,500 Fourth 70,000 quarter Total $303,500 67,500 The firm's main product, part number SC71, requires $100 of direct material and 20 hours of direct labor per unit. The labor rate is $10 per hour Problem 3-56 Part 3 3. Suppose the company's pricing policy calls for a 10 percent markup over cost Calculate the price to be charged for a unit of part number SC71 if it is produced in February versus May. February May Price per unit