rolex corporation estimates that its production for the coming year will be 10,000 units, which...
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Accounting
rolex corporation estimates that its production for the coming year will be 10,000 units, which is 80% of normal capacity, with the following unit costs:
materials p40
direct labor 60
direct labor is paid at the rate of p24 per hour. the machine should be run for 20 minutes to produce one unit. total estimated overhead is expected to consist of php400,000 for variable overhead and php400,000 for fixed overhead.
Required:
Compute for the pre-determined overhead rate base on a. units of production b. material cost c. direct labor cost d. direct labor hours e. machine hours
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