A manufacturing company applies factory overhead based on direct labor hours. At the beginning of...
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Accounting
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual manufacturing overhead costs incurred were $377,200, and actual direct labor hours were 36,000. What is the predetermined overhead rate per direct labor hour? a.$12.00 b.$10.48 c.$12.57 d.$10.00
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