SWFT Comprehensive Vol 2020
43rd Edition
ISBN: 9780357391723
Author: Maloney
Publisher: Cengage
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At the beginning of the year, manufacturing overhead for the year was estimated to be $720,000. At the end of the year, actual direct labor hours for the year were 36,000 hours, the actual manufacturing overhead for the year was $705,000, and the manufacturing overhead for the year was overapplied by $27,000. If the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours at the beginning of the year used in the predetermined overhead rate must have been ____ hours. Need help
What is the net income percentage?
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