Harper Manufacturing determines allocation rates as part of its annual budgeting process, which takes place...

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Accounting

Harper Manufacturing determines allocation rates as part of its annual budgeting process, which takes place 1 month before the beginning of the year. The company reports the following manufacturing overhead information as part of its budgeting process:
Budgeted MOH
Budgeted production (units)
Budgeted direct labor hours
$15,000,000
25,000,000
40,000
Allocation Base
Unit
Direct labor hour
\table[[Cost Pool,Total Cost],[Cost Pool 1,$6,000,000
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