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What is the predetermined office overhead rate per billable

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Reference no: EM131779072

Question - The following information has been gathered for Cheatham Law Offices for its fiscal year ending December 31:

Actual office overhead costs $1,275,500

Actual billable labor hours 44,600

Actual billable labor cost $3,960,000

Estimated office overhead costs $1,080,000

Estimated billable labor hours 48,000

Estimated billable labor costs $4,320,000

What is the predetermined office overhead rate per billable labor hour?

A. $28.60

B. $26.57

C. $22.50

D. $24.22

Reference no: EM131779072

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