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Hollins, Inc., a manufacturer of computer chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the
Hollins, Inc., a manufacturer of computer chips, employs activity-based costing. The budgeted data for each of the activity cost pools is provided below for the year 2014. For 2014, the company had 11,400 orders and used 50,100 machine hours, and labor hours totaled 494,000. Calculate the overhead rates for each activity. (Round answers to 2 decimal places, e.g. $12.25.)
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