Jimbob Co.has the following estimated costs for the next year: 
The company estimates that 20,000 labour hours will be worked and 1,000 machine hours incurred during the year.If overhead is applied on the basis of direct labour costs,the overhead rate will be:
Definitions:
Monthly Disburses
This refers to the process of distributing or paying out funds at regular monthly intervals.
Cheque Delay
A situation where there is a postponement in the processing or clearance of a cheque by a bank.
Average Daily Float
This refers to the average amount of uncollected checks or electronic transfers in the process of clearing.
Cheques
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
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