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Calculate the predetermined overhead rate

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Problem - Company XYZ uses direct labor hours to allocate its manufacturing overhead. The company estimates that total direct labor hours to be operated next year are 250,000 hours. The estimated variable overhead is OMR13 per hour and the estimated fixed overhead costs are OMR750,000. Calculate the predetermined overhead rate.

a. OMR16.00

b. OMR0.06

c. OMR15.00

d. OMR3.00

e. None of the answers given

Reference no: EM132793275

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