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Need some help with the following overhead rates question, thanks! Flounder Industries uses activity-based costing to assist management in setting prices for the company's three
Need some help with the following overhead rates question, thanks!
Flounder Industries uses activity-based costing to assist management in setting prices for the company's three major product lines. The following information is available: Estimated Estimated Use of Activity Cost Poul Overhead Cost Driver per Activity Cutting $923,136 25,600 labor hours Stitching 8,034,236 320,600 machine hours Inspections 2,820,136 160,600 labor hours Packing 811,876 64,600 nished goods units Compute the activitybased overhead rates. [Round answers to 2 decimal places, 83. 12.25.} Activity-based overhead rates Cutting $ per labor hour Stitching $ per machine hour Inspections $ per labor hour Packing $ per nished unitStep by Step Solution
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