Rector Company manufactures a line of lightweight running shoes. CEO Mark Rector estimated that the company would
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a. Assume that Rector Company uses direct labor hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate.
b. Assume that job 4375 required 300 direct labor hours to complete. How much manufacturing overhead should be applied to the job?
c. Assume that Rector Company uses machine hours as its manufacturing overhead application base. Calculate the company's predetermined overhead rate.
d. Assume that job 4375 required 140 machine hours to complete. How much manufacturing overhead should be applied to the job?
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