X Company has the following estimated costs for 2020: Direct materials $63,300 Direct labor 17,600...
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Accounting
X Company has the following estimated costs for 2020:
Direct materials $63,300
Direct labor 17,600
Factory supplies 18,500
Factory maintenance 29,500
Marketing research 40,300
Factory rent 49,400
Sales salaries 41,000
Factory insurance 62,000
X Company estimates that direct labor hours for the year will be 1,100, and machines will be operated for 70,000 hours. If overhead is allocated on the basis of direct labor hours, what will the 2020 overhead rate be?
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