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Meger Manufacturing uses the direct labor cost method for applying factory overhead to production.

The budgeted direct labor cost and factory overhead for the previous fiscal year were $1,000,000 and $800,000, respectively. Actual direct labor cost and factory overhead were $1,100,000 and $825,000, respectively. What was Meger's predetermined factory overhead rate?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92752947

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