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Compute the company predetermined overhead rate for the year

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Question - Harris fabrics computes its predetermined overhead rate annually on the basis of direct labour hours. At the beginning of the year, it estimated that its total manufacturing overhead would be $134,000 and the total direct labour would be 20,000 hours. Its actual total manufacturing overhead for the year was $123,900 and its actual direct was 21,000 hours.

Required - Compute the company predetermined overhead rate for the year.

Reference no: EM132560775

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