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Ricky Customized Corp uses a predetermined rate for applying overhead to production using normal costing. The predetermined rates for Year 1 follow: Variable overhead =
Ricky Customized Corp uses a predetermined rate for applying overhead to production using normal costing.
The predetermined rates for Year follow:
Variable overhead percent of direct labor dollars
Fixed overhead percent of direct labor dollars
Actual overhead costs incurred follow:
Variable overhead $
Fixed overhead $
Actual direct materials costs were $ and actual direct labor costs were $ Ricky produced one job in Year
Calculate normal costs of the job using predetermined overhead rates.
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