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Brockney Incorporated bases Its manufacturing overhead budget on budgeted direct labor-hours. The varlable overhead rate is $1.70 per direct labor-hour. The company's budgeted fixed manufacturing

image text in transcribed Brockney Incorporated bases Its manufacturing overhead budget on budgeted direct labor-hours. The varlable overhead rate is $1.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $114,400 per month, which Includes depreclation of $19,670. All other fixed manufacturing overhead costs represent current cash flows. The July direct labor budget Indicates that 8,800 direct labor-hours will be required in that month. Required: 1. Determine the cash disbursements for manufacturing overhead for July. 2. DetermIne the predetermined overhead rate for July. (Round your answer to 2 declmal places.)

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