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Compute the manufacturing overhead rate for the year

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Reference no: EM132982815

Crane Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $312,000 for the year, and machine usage is estimated at 130,000 hours.

Problem 1: For the year, $334,880 of overhead costs are incurred, and 135,200 hours are used. Compute the manufacturing overhead rate for the year.

Reference no: EM132982815

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