Based on the following, calculate the pre-determined overhead rate. Summer 20 Company allocates overhead using...
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Accounting
Based on the following, calculate the pre-determined overhead rate.
Summer 20 Company allocates overhead using a single plant wide rate with direct labor cost as the base. The company manufactures two types of suitcases, Basic and Plus.
Total estimated overhead cost for the year
$35,000
Estimates for the year
Basic
Plus
Direct Materials cost per unit
$35
$42
Direct Labor cost per unit
$52
$61
Number of units
530
380
35.22%
68.98%
144.97%
34.04%
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