Dafoe Corporation uses direct labor-hours in setting its predetermined overhead rate. At the beginning of the year,
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Question:
Dafoe Corporation uses direct labor-hours in setting its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $165,600. At the end of the year, actual direct labor-hours for the year were 11,900 hours, manufacturing overhead for the year was over applied by $10,760, and the actual manufacturing overhead was $160,600.
Required:
What must have been the predetermined overhead rate for the year?
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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