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AFE Company listed the following data for the current year: Budgeted factory overhead $1,044,000 Budgeted direct labor hours 69,600 Budgeted machine hours 24,000 Actual Factory
AFE Company listed the following data for the current year:
| Budgeted factory overhead | $1,044,000 |
| Budgeted direct labor hours | 69,600 |
| Budgeted machine hours | 24,000 |
| Actual Factory overhead | $1,037,400 |
| Actual labor hours | 72,600 |
| Actual machine hours | 23,600 |
Assuming ABC applied overhead based on machine hours, the company's predetermined overhead rate for the year is:
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
