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Next year, Manny’s Mowing Service expects to use 31,200 direct labor hours and have a total administration-related overhead of $351,000. Over the same period, Leo’s Lawn Service expects to use 30,600 direct labor hours and a have total administration-related overhead of $345,780. Given this information: - Manny’s predetermined overhead rate for administration is $0.39 lower than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.05 higher than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.39 higher than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.05 lower than Leo’s rate.

Next year, Manny’s Mowing Service expects to use 31,200 direct labor hours and have a total administration-related overhead of $351,000. Over the same period, Leo’s Lawn Service expects to use 30,600 direct labor hours and a have total administration-related overhead of $345,780. Given this information: - Manny’s predetermined overhead rate for administration is $0.39 lower than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.05 higher than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.39 higher than Leo’s rate. - Manny’s predetermined overhead rate for administration is $0.05 lower than Leo’s rate.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...
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Next year, Manny’s Mowing Service expects to use 31,200 direct labor hours and have a total administration-related overhead of $351,000. Over the same period, Leo’s Lawn Service expects to use 30,600 direct labor hours and a have total administration-related overhead of $345,780. Given this information:

- Manny’s predetermined overhead rate for administration is $0.39 lower than Leo’s rate.

- Manny’s predetermined overhead rate for administration is $0.05 higher than Leo’s rate.

- Manny’s predetermined overhead rate for administration is $0.39 higher than Leo’s rate.

- Manny’s predetermined overhead rate for administration is $0.05 lower than Leo’s rate.

 
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