From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a
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Question:
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 100,000
Total indirect labor hours 35,000
Direct costs $900,000
Total indirect labor related costs $400,000
Total indirect nonlabor related costs $250,000
The budgeted indirect cost rate is:
A $7
B $19
C $16
D $9
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