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Please answer questions 1 to 3. thanks! [The following information applies to the questions displayed below.) The following information pertains to Trenton Glass Works for
Please answer questions 1 to 3. thanks!
[The following information applies to the questions displayed below.) The following information pertains to Trenton Glass Works for the year just ended Budgeted direct-labor cost: 75,000 hours (practical capacity) at $16 per hour Actual direct-labor cost: 80,000 hours at $17.50 per hour Budgeted manufacturing overhead: $997,500 Actual selling and administrative expenses: 435,000 Actual manufacturing overhead: Depreciation Property taxes Indirect labor Supervisory salaries Utilities Insurance Rental of space Indirect material (see data below) $231,000 21,000 82,000 200,000 59,000 30,000 300,000 79,000 Indirect material: Beginning inventory, January 1 Purchases during the year Ending inventory, December 31 48,000 94,000 63,000 Required 1. Compute the firm's predetermined overhead rate, which is based on direct-labor hours. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLHStep by Step Solution
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