Reference no: EM132946879
Problem - Missy & Daughters allocates manufacturing overhead to jobs based on machine hours. The company has the following estimated costs for the upcoming year:
Direct materials used $50,000
Direct labor costs $70,000
Wages of factory janitors $39,000
Sales supervisor salary $51,000
Utilities for factory $16,000
Rent on factory building $13,000
Advertising expense $5,000
The company estimates that 1,360 direct labor hours will be worked in the upcoming year, while 1,000 machine hours will be used during the year. What the predetermined manufacturing overhead rate per machine hour?
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: The company estimates that 1,360 direct labor hours will be worked in the upcoming year, What the predetermined manufacturing overhead rate
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