7. Tiger Furnishings produces two models of cabinets for home theater components, the Basic and...
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Accounting
7. Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:
Basic
Dominator
Total
Units produced
800
450
1,250
Machine-hours
3,100
2,300
5,400
Direct labor-hours
2,000
1,000
3,000
Direct materials costs
$
10,200
$
4,250
$
14,450
Direct labor costs
58,400
31,100
89,500
Manufacturing overhead costs
103,410
Total costs
$
207,360
Required:
Compute the predetermined overhead rate assuming that Tiger Furnishings uses direct labor costs to allocate overhead costs. (Round your answer to 2 decimal places.) %
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