Solution-Evaluate the predetermined overhead rate for the

Evaluate the predetermined overhead rate for the year

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Problem 1: Luke Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was P165,600. At the end of the year, actual direct labor-hours for the year were 11,900 hours, manufacturing overhead for the year was overapplied by P10,760, and the actual manufacturing overhead was P160,600. The predetermined overhead rate for the year must have been closest to P

Reference no: EM132738737

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Evaluate the predetermined overhead rate for the year

Reference no: EM132738737

Reference no: EM132738737

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