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How do estimate the company predetermined overhead rate

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Reference no: EM132707835

Harwood Company is a manufacturing ?rm that operates job-order costing system. Overhead costs are applied tojobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would incur $126,000 in manufacturing overhead costs and work 60,000 machine-hours.

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Problem 1. Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places.)

Reference no: EM132707835

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