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Determine the budgeted indirect cost rate

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Question - From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year were the following:

Total direct labor hours 6,000

Total indirect labor hours 1,300

Direct costs $35,000

Total indirect labor related costs $60,000

Total indirect nonlabor related costs $75,000

Required - Determine the budgeted indirect cost rate?

Reference no: EM132869108

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