Loganrsquos actual manufacturing overhead for the year was, Ask an Expert

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Logan Products computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it estimated that 35,000 direct labor-hours would be required for the period’s estimated level of production. The company also estimated $568,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. Logan’s actual manufacturing overhead for the year was $741,189 and its actual total direct labor was 35,500 hours.

What is the predetermined overhead rate?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9433353

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