Question: OS 1 5 - 1 0 ( Algo ) Computing predetermined overhead rate LO P 3 At the beginning of the year, a company estimates

OS 15-10(Algo) Computing predetermined overhead rate LO P3
At the beginning of the year, a company estimates total direct materials costs of $930,000 and total overhead costs of $1,250,000. If the company uses direct materials costs as its activity base to apply overhead, what is the predetermined overhead rate it should use during the year?
\table[[Predetermined overhead rate],[Numerator:,1,Denominator:,=,Rate,],[,1,,=,Rate,],[,1,,=,,]]
OS 1 5 - 1 0 ( Algo ) Computing predetermined

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