CoursHeroTranscribedText: Nieto Machine Shop budgeted 2,700 labor hours and 5,400 machine hours used in May....
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CoursHeroTranscribedText: Nieto Machine Shop budgeted 2,700 labor hours and 5,400 machine hours used in May. Total budgeted overhead for May is $124,200. What is the overhead rate using labor hours and also using machine hours? Overhead Rate Labor hours $ 46
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