Plant, Co. estimates that selling costs will be $10,000 for the month, direct labor will be $80,000
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Plant, Co. estimates that selling costs will be $10,000 for the month, direct labor will be $80,000 using a standard rate of $50/hour, direct materials will be $10,000, indirect manufacturing costs will be $20,000, and the machines will run 100,000 hours to produce 2,500 units.
What is the overhead allocation rate if the company bases that allocation on machine hours?
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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