Question: get solution Oriole Decorating uses a job order costing system to collect the costs of its interior decorating business. Each client's consultation is treated as
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Oriole Decorating uses a job order costing system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead $968,000 Actual overhead $1,001,000 Estimated decorator hours 40,000 Actual decorator hours 41,000 The company uses Operating Overhead in place of Manufacturing Overhead. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 15.25.) Predetermined overhead rate $ per decorator hourStep by Step Solution
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