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Ikerd Company applies manufacturing overhead to units on the basis of machine hours used. During the month, $325,000 of actual overhead costs were incurred and

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Ikerd Company applies manufacturing overhead to units on the basis of machine hours used. During the month, $325,000 of actual overhead costs were incurred and 130,000 actual machine hours were used. Instructions a. Compute the actual overhead rate for the month. b. If one of the units produced during the month required 18,000 machine hours to complete, what amount of overhead would be applied to the unit

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