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Required: 1)Calculate the plantwide rate for Folsom Company based on machine hours. 2)Calculate the bid price for each job based on the rate calculated above.
Required:
1)Calculate the plantwide rate for Folsom Company based on machine hours.
2)Calculate the bid price for each job based on the rate calculated above.
3)Calculate the departmental overhead rates for the producing departments.
4)What is the bid price for each job using these rates.
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