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X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and actual information for
X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and actual information for one of them, Product X: Department A Product X Overhead -- Direct labor hours All Products $7,300,000 40,000 120,000 50,000 711 1,030 760 Machine hours Units produced Department B Overhead Direct labor hours Machine hours Units produced 223 $1,800,000 50,000 130,000 45,000 890 760 Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X [round overhead rate(s) to two decimal places]
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