Question: Can you help me solve this general accounting problem using the correct accounting process? Wagner Manufacturing uses direct labor-hours to calculate its predetermined overhead rate.

Can you help me solve this general accounting problem using the correct accounting process?

Wagner Manufacturing uses direct labor-hours to calculate its predetermined overhead rate. At the beginning of the year, the estimated manufacturing overhead was $420,000. At year-end, actual direct labor-hours were 30,000 hours, the actual manufacturing overhead was $410,000, and the company had overapplied overhead of $10,000. Calculate the predetermined overhead rate per direct labor-hour

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