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Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $264,000

Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The company estimates manufacturing overhead cost for the year to be $264,000 and direct labor hours to be 20,000. Actual overhead for the year was $295,000.

Required: 1. Compute the predetermined overhead rate.

2. If the company actually used 23,400 direct labor hours, how much manufacturing overhead is applied to the company's jobs?

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