Introduction to Business
Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Chapter 10.6, Problem 1CC

How can managers use techniques to improve efficiency?

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Krypton Corp. estimated manufacturing overhead for the year to be $842,000. At the end of the year, actual direct labor hours were 48,300 hours, the actual manufacturing overhead was $919,500, and manufacturing overhead was overapplied by $76,200. If the predetermined overhead rate is based on direct labor hours, what were the estimated direct labor hours at the beginning of the year used in the predetermined overhead rate?
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