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Using the data below, calculate the following: a. Predetermined overhead rate based on Labor Hours b. Predetermined overhead rate based on Machine Hours Direct labor

Using the data below, calculate the following: a. Predetermined overhead rate based on Labor Hours b. Predetermined overhead rate based on Machine Hours Direct labor cost per hour $10 Labor hours per month 500 Machine hours per month 800 Budgeted Overhead costs: Direct Material $7,000 Indirect Material $8,000 Indirect Labor $35,000 Utilities $27,000 Depreciation $23,000

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