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Please answer this question and explain how you solved it. Thank you! Calculate and Use Overhead Rate erating data During the coming accounting year, Baker
Please answer this question and explain how you solved it. Thank you!
Calculate and Use Overhead Rate erating data During the coming accounting year, Baker Manufacturing, Inc, anticipates the following costs, expenses, and op Direct material (16,000 lb.) Direct labor (@ $15.00/hr.) Indirect material Indirect labor Sales commissions Factory administration Non factory administrative expenses Other manufacturing overhead* *provides for operating 52,500 machine hours. $120,000 210,000 18,000 33,000 51,000 24,000 30,000 72,000 a. Calculate the predetermined manufacturing overhead rate for the coming year for each of the following application bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours. Round direct labor hours and machine hours answers to two decimal places, when applicable. Round direct labor costs to the nearest one decimal place percentage, when applicable (example: 76.4%. Manufacturing overhead rate Application base Direct labor hours Direct labor costs Machine hours which 24 direct labor b. For each item in requirement a, determine the proper application of manufacturing overhead to Job 63, to hours, $225 of direct labor cost, and 60 machine hours have been charged Step by Step Solution
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