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Calculate darwin predetermined overhead rate

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Question - Darwin Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours. Calculate Darwin predetermined overhead rate.

In June, Darwin, incurred actual overhead costs of $1,050,000 and used 30,000 hours. How much was Darwin over- or under-applied overhead for the month of June?

Reference no: EM131678951

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