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Determine the amount of the manufacturing overhead rate

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Question - XYZ company shows that its WIP has a balance of P2,400 at the end of the accounting period. There are two job cost sheets that indicates two uncompleted jobs. The Direct materials of the two job cost sheets are P400 and P200. The direct labor is P300 and P500. Since the company is using a predetermine overhead rate as a percentage of direct labor, determine the amount of the manufacturing overhead rate?

Reference no: EM133154589

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