The Thomlin Company forecasts that total overhead for the current year will be $11,158,356 and that total
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The Thomlin Company forecasts that total overhead for the current year will be $11,158,356 and that total machine hours will be 180,434 hours. Year to date, the actual overhead is $7,570,421 and the actual machine hours are 84,188 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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