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Martin's Metalworks is in the business of making machine parts for lawnmowers. The have started work on Job #333 during 2022. They have estimated that
Martin's Metalworks is in the business of making machine parts for lawnmowers. The have started work on Job #333 during 2022. They have estimated that this job will take 2 hours of labor @$20 per hour and material costs of $70. During the month of September, Martin's Metalworks incurred the following: Direct Material Costs $50 Labor - Administrative $150 Utilities $300 Depreciation Expense $250 Martin's Metalworks estimates that their overhead for 2022 will be $50,000. Martin's employees will spend 5,000 labor hours. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job #333? Direct Materials Direct Labor Applied Overhead Total Cost What is the overhead incurred during the month
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