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Compute the manufacturing overhead rate for the year

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Reference no: EM132187958

Question - Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $292,552 for the year, and machine usage is estimated at 126,100 hours.

For the year, $413,432 of overhead costs are incurred and 130,100 hours are used.

Compute the manufacturing overhead rate for the year.

Reference no: EM132187958

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