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    smithette623 Posts: 1, Reputation: 1
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    Apr 12, 2011, 08:06 AM
    Predetermined Overhead Rate
    I need to calculate the predetermined overhead rate. Can someone please show me how this is done? Thank you in advance.


    Direct labor expended on jobs completed in month 1

    $100,000

    Direct material used up

    $500,000

    Budgeted manufacturing overhead

    $2,000,000

    Budgeted production volume

    4,000 units

    Actual production volume

    4,500 units

    Supplies, indirect labor, maintenance repair costs totaled

    $2,200,000

    Beginning work in process inventory

    0

    Ending work in process inventory

    0

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