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Calculate the overhead application rate

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Question - Harold Hill Corp., a manufacturer of musical instruments, uses a budgeted factory overhead rate to apply overhead to production. The following data is available for 2007:

Item & Amount

Budgeted Factory Overhead $675,000

Budgeted Machine Hours 20,000

Actual direct labor cost $482,000

Budgeted direct labor cost $450,000

If the company uses estimated direct labor costs as its activity base, calculate the overhead application rate.

Reference no: EM131826158

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