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What is the year two overhead rate

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Reference no: EM132663699

Schneider, Inc. had the following information relating to year 1:

Budgeted manufacturing overhead $74,800

Actual manufacturing overhead $78,300

Applied manufacturing overhead $76,500

Estimated direct labor hours 44,000

Problem 1: If Schneider decides to use the actual results from year 1 to determine the year 2 overhead rate, what is the year 2 overhead rate?

a) $1,700

b) $1,738

c) $1,740

d) $1,780

Reference no: EM132663699

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