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What is the pre-determined manufacturing overhead rate

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Reference no: EM133004037

Hohoho Inc. uses a job order costing system. The estimated manufacturing overhead for the year is $3,000,000. The company has decided to allocate the manufacturing overhead to products on the basis of direct labour cost. The estimated direct labour costs for the year are $4,000,000.

Problem 1: What is the pre-determined manufacturing overhead rate that will be used to apply manufacturing overhead to products?

Reference no: EM133004037

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