Question: Feedback Check My Work a . First calculate: Budgeted production volume for each product x Processing hours. Add together to obtain total processing hours. Recall
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Check My Work
a First calculate:
Budgeted production volume for each product Processing hours. Add together to obtain total processing hours.
Recall that factory overhead does not include selling and administrative expenses. Divide the total of overhead costs by total processing hours to obtain the overhead rate.
b Calculate:
Overhead Rate in Req. a x Processing hours for each product Overhead for each. Add all overhead amounts to obtain the total. Divide individual overhead amounts by
budgeted production volume for each product to obtain overhead per unit.
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