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Answer the Question below urgent please Q2. Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the
Answer the Question below urgent please
Q2. Pat Miranda, the new controller of Vault Hard Drives, Inc., has just returned from a seminar on the choice of the activity level in the predetermined overhead rate. Even though the beginning of the year, it estimated that $80,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. The company also estimated 25,000 direct labor-hours would be required for the period's estimated level of production. Pat's actual manufacturing overhead for the year was $120,000 and its actual total direct labor was 20,000 hours. (3 Marks). Required: Compute the company's predetermined overhead rate for the yearStep by Step Solution
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