Question
58. A company allocates overhead based upon the number of shoes produced. The company estimates the following costs and shoe production for the upcoming year:
58. A company allocates overhead based upon the number of shoes produced. The company estimates the following costs and shoe production for the upcoming year:
Estimated total overhead $1,250,000
Estimated number of shoes2,000,000
Actual overhead$1,350,000
Actual number of shoes2,100,000
What is the predetermined overhead rate?
$0.625
$0.595
$0.643
$0.675
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
