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What is the predetermined overhead rate

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Question - South West Publishing bases its predetermined overhead rate on direct labour hours. Estimates and actual results for 2018 are shown below: Estimated overhead $100,000

Actual overhead $110,000

Estimated direct labour hours 10,000

Actual direct labour hours 10,500

Actual direct labour cost 60,000

Required -

a) What is the predetermined overhead rate?

b) How much overhead would have been applied by South West Publishing to Work in Process during 2018?

c) What is the amount of underapplied or overapplied overhead at the end of 2018 for South West Publishing?

Reference no: EM132488520

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