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Compute the predetermined overhead rate

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Question

Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $250000 and direct labor hours to be 20,000. Actual overhead for the year was $260,000.

1. Compute the predetermined overhead rate.

2. If the company actually used 22,000 direct labor hours, how much manufacturing overhead is applied to jobs?

Reference no: EM133399943

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