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Problem $3-55$ Predetermined Overhead Rate; Different Time Periods; Pricing $($LO $3-4)$

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Troy Electronics Company calculates its predetermined overhead rate on a quarterly basis. The following estimates were made for the current year.

The firm's main product, part number A$200,$ requires $\backslash (\backslash$$ $200\backslash )$ of direct material and $20$ hours of direct labor per unit. The labor rate is $\backslash (\backslash$$ $15\backslash )$ per hour.

Problem $3-55$ Part $1$

Required:

$1.$ Calculate the firm's quarterly predetermined overhead rate for each quarter. Problem $3-55$ 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 A$200$ if it is produced in January versus April. Problem $3-55$ Part $4$

$4.$ Calculate the company's predetermined overhead rate for the year if the rate is calculated annually. $($Round your answer to $2$ decimal places$).$

Predetermined overhead rate