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What is the company plantwide overhead rate

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Question - What is the company's plantwide overhead rate, if ABC Company estimates overhead cost for the next year to be $6,000,000 for indirect labor and $600,000 for factory depreciation of equipment. The company uses machine labor hours as its overhead allocation base. If 60,000 machine hours are planned for this nex year, what is the company's plantwide overhead rate?

Reference no: EM132098081

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