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Problem 3 Use the information from Problem 2. The firms variable manufacturing overhead rate is $3.25 per direct labor hour. Fixed overhead is $ 54,000

Problem 3 Use the information from Problem 2. The firms variable manufacturing overhead rate is $3.25 per direct labor hour. Fixed overhead is $ 54,000 per month. Prepare a manufacturing overhead budget for the 2nd quarter. Presume the 2nd quarter data is used to calculate a predetermined overhead rate based on direct labor hours. Compute this rate.

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