From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year were the following:
| From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. | |||||
| Actual results for the year were the following: | |||||
| Total direct labor hours | 95,000 | ||||
| Total indirect labor hours | 32,000 | ||||
| Direct costs | $875,000 | ||||
| Total indirect labor related costs | $345,000 | ||||
| Total indirect nonlabor related costs | $115,000 | ||||
| The budgeted indirect cost rate is: | |||||
| Answer: | |||||
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