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A company estimates the following manufacturing costs at the beginning of the period: direct labor, $524,000; direct materials; $204,000; and factory overhead, $129,000. Required: 1.
A company estimates the following manufacturing costs at the beginning of the period: direct labor, $524,000; direct materials; $204,000; and factory overhead, $129,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Compute its predetermined overhead rate as a percent of direct labor. A company estimates the following manufacturing costs at the beginning of the period: direct labor, $524,000; direct materials $204,000; and factory overhead, $129,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its predetermined overhead rate as a percent of direct materials. Complete this question by entering your answers in the tabs below. Compute its predetermined overhead rate as a percent of direct materials
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