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The following data pertain to the Onelda Restaurant Supply Company for the year just ended. Budgeted sales revenue Actual manufacturing overhead Budgeted machine hours
The following data pertain to the Onelda Restaurant Supply Company for the year just ended. 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 Actual direct-labor hours Actual direct-labor rate $205,000 338,000 8,000 20,000 14 $364,000 11,000 18,000 26 Required: 1. Compute the firm's predetermined overhead rate for the year using each of the following common cost anvers: (a) machine hours. (b) direct-labor hours, and (c) direct-labor dollars (Round your answers to 2 decimal places.) Cost Drivers (a) Machine hours Overhead Rate per machine nour b) Direct-labor hours per direct-labor hour (e) Direct labor dolars per direct-labor dollar
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