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RHS Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...

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Accounting

RHS Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs.The Corporation has provided the following estimated costs for next year:Direct materialsDirect laborSales commissionsSalary of production supervisorIndirect materialsAdvertising expenseRent on factory equipment$ 1,000$ 3,000$ 4,000$ 2,000400800$ 1,000RHS estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be: $6.00 per machine-hour $6.80 per machine-hour$3.00 per machine-hour$3.40 per machine-hour

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