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Compute the company predetermined overhead rate

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Reference no: EM13507501

Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data for the most recently completed year appear below.

Estimates made at the beginning of the year :

Estimated labor hours

24,000

Estimated variable manufacturing overhead

$6.86 per labor hour

Estimated total fixed manufacturing overhead

$394,560

Actual labor hours for the year

24,500

Required:

Compute the company's predetermined overhead rate for the recently completed year.

 

Reference no: EM13507501

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