Plant-wide factory overhead rate

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Reference no: EM13150387

Lasso Corp. budgeted $250,000 of overhead cost for 2005. Actual overhead costs for the year were $240,000. Lasso's plant-wide allocation base, machine hours, was budgeted at 50,000 hours. Actual machine hours were 40,000. Budgeted units to be produced are 100,000 units. Lasso's plant-wide factory overhead rate for 2005 is:

Reference no: EM13150387

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