MRC Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and...
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Accounting
MRC Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for July follows:
Estimated direct labor 5,200 hours @ $14.20 = $73,840 Direct labor incurred 5,300 hours @ $14.80 = $78,440 Estimated manufacturing overhead $317,512 Actual manufacturing overhead $329,448
How much is the predetermined overhead rate?
$61.06
$4.30
$63.36
$62.16
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