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Compute the predetermined overhead rate for abbott lamp corp

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Abbott Lamp Corporation manufactures BOTH Mountain Dew Lamps AND Coca-Cola Lamps, starts 1/1/20. On 1/1/20, Erin Rogers ESTIMATES the following MOH costs:

Factory Utilities $100
Factory Rent $1,000
Equipment Depreciation $1,000
Indirect Materials/grease $100

Abbott Lamp Corporation uses MACHINE HOURS to allocate Utilities, Rent, Depreciation and grease.

Erin Rogers also estimates a total of 100 machine hours and for the year.

Problem 1: Compute the Predetermined Overhead RATE

Reference no: EM132997876

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