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Hello, I do upvote. Please answer correctly and in an organized fashion. Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a
Hello, I do upvote. Please answer correctly and in an organized fashion.
Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead $259,200 Machine hours 84,000 Direct labor hours 9,600 Actual: Overhead $258,700 Machine hours 82,100 Direct labor hours 9,380 Prime cost $826,740 Number of units 120,000 Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? per direct labor hour 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced? (Carry your answer to four significant digits.) per unitStep by Step Solution
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