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Compute the predetermined overhead rate

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Question - Washburn Company produces earbuds. During the year, manufacturing overhead costs were $244,000. Machine usage was 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours.

Compute the predetermined overhead rate.

Determine the amount of overhead to allocate to Job No. 551.

Prepare the entry to assign overhead to Job No. 551 on January 15.

Reference no: EM131898475

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