Find predetermined overhead rate for recently completed year

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Reference no: EM132611320

Problem 1: Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 43,600 labor-hours. The estimated variable manufacturing overhead was $6.17 per labor-hour and the estimated total fixed manufacturing overhead was $1,245,216. The actual labor-hours for the year turned out to be 40,800 labor-hours. The predetermined overhead rate for the recently completed year was closest to

Reference no: EM132611320

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