A company expected its annual overhead costs to be $400,000 and direct labor costs to be $1,000,000.

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A company expected its annual overhead costs to be $400,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent?

Related Book For answer-question

Fundamentals of Thermodynamics

ISBN: 978-0471152323

6th edition

Authors: Richard E. Sonntag, Claus Borgnakke, Gordon J. Van Wylen

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Posted Date: Jan 01, 2021 05:15 PM

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A company expected its annual overhead costs to be $400,000 and direct labor costs to be $1,000,000.

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Fundamentals of Thermodynamics

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