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Need computation thanks Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,400,000

Need computation thanks

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Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,400,000 $964,270 Machine hours 50,000 44,260 Direct labour hours 144,900 90,440 Overhead is applied on the basis of machine hours. Calculate the predetermined overhead rate. Predetermined overhead rate per machine hour Determine the amount of overhead applied for the year. Amount of overhead applied $

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