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What is the predetermined overhead rate? I know that the formula is Estimated Annual Overhead Costs / Expected Annual Operating Activity but I am unsure
What is the predetermined overhead rate?
I know that the formula is Estimated Annual Overhead Costs / Expected Annual Operating Activity but I am unsure where to find that information to plug into the formula.
Exercise 15-6 (Part Level Submission) A job cost sheet of Sandoval Company is given below. Job Cost Sheet JOB NO 469 Quantity White Lion Cages Date Requested ITEM Todd Compan Date Completed FOR Direct Direct Date Labor Materials 7/10 12 930 15 446 22 396 24 1,620 1,530 27 31 540 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost 2,160 7/2 7/31 Manufacturing Overhead 558 495 675
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