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AMR Corp. currently uses a firm-wide overhead application based on expected direct labor hours. The following information is anticipated at the beginning of the year.
Department A Department BDirect materials P 25.00/1b. P 17.00/1b.Direct labor hours 10,000 5,000Machine hours 2,000 10,000Overhead P115, 000 P85, 000Labor rate P 15.00/hr P 12.00/hr
Problem 1: If the firm maintains the current method, the overhead application rate is:
a. P 7.67/hr b. P11.50/hrc. P13.33/hrd. P20.00/hr
Problem 2: If departmental rates were adopted, what would be the rates for Departments A (Based on direct labors hours) and B (based on machine hours)
A B a. P11.50 P 8.50 b. P11.15 P17.00 c. P57.50 P 8.50 d. P57.50 P17.50
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