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Morrison estimates Industries that annual manufacturing overhead costs will be $1,200,000. The estimated annual operating activity bases are direct labor cost of $650,000, direct labor hours of 60,000, and machine hours of 120,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g., 10.50% or 10.50.) • • Overhead rate per direct labor cost = Overhead rate per direct labor hour = • Overhead rate per machine hour = $ $ 응

Morrison estimates Industries that annual manufacturing overhead costs will be $1,200,000. The estimated annual operating activity bases are direct labor cost of $650,000, direct labor hours of 60,000, and machine hours of 120,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g., 10.50% or 10.50.) • • Overhead rate per direct labor cost = Overhead rate per direct labor hour = • Overhead rate per machine hour = $ $ 응

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 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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Overhead rate per direct labor cost?

Morrison estimates Industries that annual manufacturing overhead costs will be $1,200,000. The estimated annual operating activity bases are direct labor cost of $650,000, direct labor hours of 60,000, and machine hours of 120,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g., 10.50% or 10.50.) • • Overhead rate per direct labor cost = Overhead rate per direct labor hour = • Overhead rate per machine hour = $ $ 응
Transcribed Image Text:Morrison estimates Industries that annual manufacturing overhead costs will be $1,200,000. The estimated annual operating activity bases are direct labor cost of $650,000, direct labor hours of 60,000, and machine hours of 120,000. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g., 10.50% or 10.50.) • • Overhead rate per direct labor cost = Overhead rate per direct labor hour = • Overhead rate per machine hour = $ $ 응
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