Question: Refer to the data in Exercise 7-5. The company has decided to use the sequential method of allocation instead of the direct method. Required: 1.

Refer to the data in Exercise 7-5. The company has decided to use the sequential method of allocation instead of the direct method.

Required:
1. Allocate the overhead costs to the producing departments using the sequential method.
2. Using machine hours, compute departmental overhead rates. (Round the overhead rates to the nearest cent.)

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