12. Rick's controller talked about using a predetermined overhead rate to apply overhead to production...
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Accounting
12. Rick's controller talked about using a predetermined overhead rate to apply overhead to production and gave the following information for illustration purposes. Given: Budgeted overhead was estimated at $599, 936 and direct labor hours were estimated at 5,504. At the end of the year the actual overhead was $630,000 and the actual direct hours were 5,800. What was the predetermined overhead rate rounded to the nearest cent?
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