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1.If the labour cost is 20,000, rent is 30,000, machine hours is 4,000 hours and labour hours is 2,000 hours. What is the overhead rate

1.If the labour cost is 20,000, rent is 30,000, machine hours is 4,000 hours and labour hours is 2,000 hours. What is the overhead rate as per the ABC method?

2.Name one difference between ABC Costing and Single Plantoverhead rate method

3.The labour cost is 30,000, material cost is 40,000 and overheads is 60,000. The total labour hours is 1,000 and machine hours is 2,000. What is the single plantwide overhead rate? Show your work.

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