Katherine m. company is trying to determine its predetermined overhead rate for the coming year, year 2. the manufacturing overhead budgeted for year 2 is $384,900; actual manufacturing overhead for year 1 was $401,224. the company's controller wants to apply overhead based on direct labor cost, the cfo wants to apply overhead based on machine hours, and the production foreman wants to apply overhead based on direct labor hours. the company's actual direct labor rate per hour for year 1 was $10.56/dlh, budgeted direct labor rate for year 2 is $11/dlh.
if katherine m. applies overhead based on direct labor hours, what is the predetermined overhead rate for year 2 ?

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.