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PROBLEM 2 JOB ORDER Hickman Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: Actual
PROBLEM 2 JOB ORDER
Hickman Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows:
Actual manufacturing overhead $118,000
Estimated manufacturing overhead $110,000
Direct labor hours incurred 4,800
Direct labor hours estimated 5,000
Instructions
(a) Calculate the predetermined overhead rate
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