Schneider, Inc., had the following information related to Year 1: Budgeted Factory Overhead: $74,800 Actual Factory Overhead:
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Question:
Schneider, Inc., had the following information related to Year 1:
Budgeted Factory Overhead: $74,800
Actual Factory Overhead: $78,300
Factory overhead applied: $76,500
Estimated direct labor hours: 44,000 Actual direct labor hours: ?
Required
If Schneider decides to use the actual results from year 1 to determine the overhead rate for year 2, what is the overhead rate for year 2?
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