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Please explain your answer. Thanks in advance. Weekly Company gathered the following information for the year ended December 31 Direct labor cost incurred for the
Please explain your answer. Thanks in advance.
Weekly Company gathered the following information for the year ended December 31 Direct labor cost incurred for the year Estimated manufacturing overhead costs Estimated direct labor cost Work in process inventory, Dec, 31 Finished goods inventory, Dec. 31 Cost of goods sold Estimated direct labor hours Peterson Company uses a job costing system $180,600 $271,200 $212,500 $51,500 $64,000 $141,100 261,000 What would the predetermined manufacturing overhead rate for the year b using direct labor hours as the allocation base? Round your final answer to the nearest cent. OA. $1.04 per direct labor hour O B. $1.18 per direct labor hour O C. $1.28 per direct labor hour OD. S0.85 per direct labor hourStep by Step Solution
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