Question: sippican Corporation ( A ) . Case Questions: 1 . How was the overhead rate of 1 8 5 % of the production run labor

sippican Corporation (A). Case Questions: 1. How was the overhead rate of 185% of the production run labor cost determined (formula only; no need for calculation)? What is the actual overhead rate for the current month? Is this difference the reason why the gross margin of pumps fell from the budgeted 35% to 5%?

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