A state highway was constructed over a wetland ecosystem. The state received a permit to fill in the existing wetlands in accord
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Answer:
- The predetermined overhead rate is calculated by dividing total estimated overhead costs by total estimated direct labor hours = $61,500 / 4,100 labor hours = $15 per direct labor hours
- total overhead rate for job 102 = 72 direct labor hours x $15 per direct labor hours = $1,080
- total overhead rate for job 101 = 155 direct labor hours x $15 per direct labor hours = $2,325.
