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Thibodeaux Limousine Corporation is trying to determine a predetermined manufacturing overhead. Estimated overhead for the upcoming year is $312,500. Budgeted machine hours are 97,000 hours, and budgeted labor hours are 18,000 hours at a rate of $14.00 per hour. Compute the predetermined overhead rate based on:

(a) Direct labor dollars

(b) Direct labor hours

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947615

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