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Harold Hill Corp, a manufacturer of musical instruments, uses a budgeted factory overhead rate to apply overhead to production. The Amount Budgeted factory overhead 675,000 Budgeted machine hours 20,000 Actual direct labor cost 482,000 Budegeted direct labor costs 450,000 If the company uses estimated direct labor costs as its activity base Whats the overhead application rate. express your answer as a percentage.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9440008

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