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Did I miss a step? Please and thanks! Thomas Daze Growers accumulated actual MOH costs this year of $49,980, even though it had budgeted $57,000
Did I miss a step? Please and thanks!
Thomas Daze Growers accumulated actual MOH costs this year of $49,980, even though it had budgeted $57,000 of MOH. It allocates MOH based on the direct labor hours of its workers. At the beginning of the year, it budgeted for 9,500 hours but ended up using 10,200 hours this year. Determine the following. (Round budgeted and actual MOH rate answers to 2 decimal places, e.g 2.25.) (a) The budgeted MOH rate (b) The actual MOH rate $ /hr. (c) Applied MOH under actual costing $ (d) Applied MOH under normal costing $Step by Step Solution
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