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Please show all steps so I can fully understand how to solve. thank you Fred Co., a publicly accountable company, applies manufacturing overhead to jobs
Please show all steps so I can fully understand how to solve. thank you
Fred Co., a publicly accountable company, applies manufacturing overhead to jobs using a predetermined overhead rate that is based on direct labour costs. Data for the most recent year is as follows: Actual direct labour hours 8687 Direct labour rate $10/hour Actual manufacturing overhead costs $95770 At the end of the year, Fred Co, disposed of over under-applied overhead by crediting COGS for $8874. What was Fred's predetermined overhead rate for the year? Select one: O a. $11.02 b. $12.05 c. $1.10 d. $1.20Step by Step Solution
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