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accounting Tokai company estimates the following manufacturing costs at the beginning of the period: direct labor, $468,000 (direct labor hours 3,000); direct materials, $390,000; and
accounting
Tokai company estimates the following manufacturing costs at the beginning of the period: direct labor, $468,000 (direct labor hours 3,000); direct materials, \$390,000; and factory overhead, \$105,000. The company uses direct labor hours as an allocation base. At the end of the production period, the company recorded 2,900 direct labor hours. 1.Compute its predetermined overhead rate, 2.Compute MOH applied Step by Step Solution
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