A company estimates its manufacturing overhead will be $798,719 for the next year. What is the predetermined overhead rate if the allocation base is 97,109 budgeted direct labor hours? Round to the nearest hundredth, two decimals.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...
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A company estimates its manufacturing
overhead will be $798,719 for the next year.
What is the predetermined overhead rate if
the allocation base is 97,109 budgeted direct
labor hours? Round to the nearest hundredth,
two decimals.
Transcribed Image Text:A company estimates its manufacturing overhead will be $798,719 for the next year. What is the predetermined overhead rate if the allocation base is 97,109 budgeted direct labor hours? Round to the nearest hundredth, two decimals.
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