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Required information [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just
Required information [The following information applies to the questions displayed below.] The following data pertain to the Oneida Restaurant Supply Company for the year just ended. $210,000 338,000 8,000 20,000 Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours (based on practical capacity) Budgeted direct-labor hours (based on practical capacity) Budgeted direct-labor rate Budgeted manufacturing overhead Actual machine hours 13 $364,000 11,000 18,000 Actual direct-labor hours Actual direct-labor rate 17 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (c direct-labor dollars. (Round your answers to 2 decimal place.) Overhead Rate Cost Drivers $ 11,000,00 per machine hour (a) Machine hours (b) Direct-labor hours per direct-labor hour (c) Direct-labor dollars per direct-labor dollar
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