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Compute the company predetermined overhead rate

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Question - Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data found below:

Estimates made at the beginning of the year 24,000

Estimated labor hours $6.86 per labor hour

Estimated variable manufacturing overhead $394,560

Estimated total fixed manufacturing overhead 24,500

Actual labor hours for the year

Required: Compute the company's predetermined overhead rate for the recently completed year?

Reference no: EM132043236

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