Uses a predetermined rate to apply overhead

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James Company uses a predetermined rate to apply overhead. At the beginning of the year, James estimated it's overhead costs at$240,000, direct labor hours at 40,000 and machine hours at 10,000. Actual overhead costs incurred were $249,280, actual direct labor hours were 41,000 and actual machine hours were 11,000. What is the predetermined overhead rate per machine hour for James?

Reference no: EM13746321

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