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X Company has the following estimated costs for 2020: X Company estimates that direct labor hours for the year will be 1,300, and machines will

X Company has the following estimated costs for 2020: X Company estimates that direct labor hours for the year will be 1,300, and machines will be operated for 64,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be?image text in transcribed

X Company has the following estimated costs for 2020: Direct materials Direct labor Factory supplies Factory supervision Advertising Factory rent Sales salaries Factory insurance $55,100 16,900 18,100 28,900 45,500 49,000 41,000 58,400 X Company estimates that direct labor hours for the year will be 1,300, and machines will be operated for 64,000 hours. If overhead is allocated on the basis of machine hours, what will the 2020 overhead rate be? 4.889 Submit Answer Incorrect. Tries 1/3 Previous Tries

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