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Compute the company predetermined overhead rate for the year

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Reference no: EM133005843

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 $540,000 and the total direct labour would be 30,000 hours. Its actual total manufacturing overhead for the year was $547,900 and its total direct labour was 31,000 hours. Compute the company's predetermined overhead rate for the year.

Reference no: EM133005843

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