Altime Industries manufactures custom-designed playground equipment for schools and city parks. Alltime expected to incur...
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Altime Industries manufactures custom-designed playground equipment for schools and city parks. Alltime expected to incur $828,000 of manufacturing overhead cost 41,400 of direct labor hours, and $1.490,400 of direct labor cost during the year (the cost of direct labor is $36 per hour). The company allocates manufacturing overhead on the basis of direct labor hours. During December, Alltime completed Job 302. The job used 195 direct labor hours and required $14,500 of direct materials. The City of Northvile has contracted to purchase the playground equipment at a price of 25% over manufacturing cost. Read the requirements Requirement 1. Calculate the manufacturing cost of Job 302 First identify the formula, then calculate the predetermined overhead rato. - Predetermined overhead rate per hour
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