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Calculate the predetermined overhead rate

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Reference no: EM132930831

Question - XYZ Corp uses an ABC costing system. It has projected the following indirect costs:

(Yearly Budgeted Costs)

Building Depreciation $200,000.00

Machine Maintenance $95,000.00

Building Insurance $12,000.00

Machine depreciation Cost $345,000.00

Machine Electrical Cost $130,000.00

Building Utility Cost $48,000.00

Building Janitorial Cost $36,000.00

Total Costs (Yearly Budgeted Drivers)

Machine Hours $500,000.00

Building Square Footage $20,000.00

Direct Labor Hours $350,000.00

Units Produced $200,000.00

Using the best cost driver for the Machine Cost Pool, calculate the predetermined overhead rate.

Reference no: EM132930831

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