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3. Data for Jones Manufacturing: The company uses direct labor hours to apply manufacturing overhead. Budgeted manufacturing overhead for the coming year equals $500,000.
3. Data for Jones Manufacturing: The company uses direct labor hours to apply manufacturing overhead. Budgeted manufacturing overhead for the coming year equals $500,000. The estimated number of direct labor hours equals 100,000. a. Calculate the predetermined overhead rate. The workers worked 102.000 actual direct labor hours during the year. The pay rate was $25 per hour. The amount of direct material purchased during the year equaled $700,000. The amount of direct material used in production for the year equaled $680,000. b. What was the total manufacturing costs applied to jobs for the year? Show calculations. Direct material Direct labor Applied manufacturing overhead Total
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