Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing overhead
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Question:
Picard company used a predetermined overhead rate based on direct labour hours. The estimated annual manufacturing overhead costs and direct labour hours were $150,000 and 20,000 respectively. Actual overhead costs and direct labour hours are $100,000 and 16,000 hours, respectively.
- What was the predetermined manufacturing overhead rate?
- What was the total manufacturing overhead costs applied during the period ?
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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