Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect...

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Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering IDC Allocation, $ Actual DL Hours 30,000 350 20,000 850 10,000 450 6,500 22,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the indirect cost rate. The indirect cost rate is $ per hour. Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Milford allocates indirect costs to five departments and redistributes the IDC for Quality Assurance and Engineering to the other three departments monthly. The table summarizes IDC allocation and direct labor (DL) hours for one month. Department Production Subassemblies Final assembly Quality assurance Engineering IDC Allocation, $ Actual DL Hours 30,000 350 20,000 850 10,000 450 6,500 22,000 NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the indirect cost rate. The indirect cost rate is $ per hour.

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