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Solomons, Inc. makes widgets in two models: basic and elite. Solomons, Inc. estimated $895,000 of manufacturing overhead and 660,000 machine hours for the year. The
Solomons, Inc. makes widgets in two models: basic and elite. Solomons, Inc. estimated $895,000 of manufacturing overhead and 660,000 machine hours for the year. The basic model actually consumed 181,000 machine hours, the elite model consumed 479,000 machine hours. Compute the predetermined overhead allocation rate using machine hours (MHr) as the allocation base. How much overhead is allocated to the basic model? To the elite model? (Round your answers to two decimal places when needed and use rounded answers for all future calculations)
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