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From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year
| From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. | |||||
| Actual results for the year were the following: | |||||
| Total direct labor hours | 6,750 | ||||
| Total indirect labor hours | 1,300 | ||||
| Direct costs | $35,000 | ||||
| Total indirect labor related costs | $60,000 | ||||
| Total indirect nonlabor related costs | $75,000 | ||||
| The budgeted indirect cost rate is: |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
