Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $268,000 and direct labor hours to be 20,000. Actual overhead for the year was $305,000. 1. Compute the predetermined overhead rate. 2. If the company actually used 23,800 direct labor hours, how much manufacturing overhead is applied to the company's jobs?
Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $268,000 and direct labor hours to be 20,000. Actual overhead for the year was $305,000. 1. Compute the predetermined overhead rate. 2. If the company actually used 23,800 direct labor hours, how much manufacturing overhead is applied to the company's jobs?
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates
1. Compute the predetermined overhead rate.
2. If the company actually used 23,800 direct labor hours, how much manufacturing overhead is applied to the company's jobs?
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