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Isive Problem- Chapters 1, Pat 1 of 3 Pithe Computer Company...

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Accounting

Isive Problem- Chapters 1,
Pat 1 of 3
Pithe Computer Company uses a job order costing system in which each batch manufactured is a different job. Pithe Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $24 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, the controller prepared the following budget:
(Click the ican to view the budget.)
In November 2024, Pithe Computer Company worked on several jobs. Records for two jobs appear here:
(Click the icon to view the records for the two jobs.)
Read the requirements.
Requirement 1. Compute Pithe Computer Company's predetermined overhead (OH) allocation rate for 2024.
Data table
\table[[Manufacturing overhead,$,437,500],[Direct labor costs,$,1,250,000
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