Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data found below: Estimates made at the beginning of the year 24,000 Estimated labor hours $6.86 per labor hour Estimated variable manufacturing overhead $394,560 Estimated total fixed manufacturing overhead 24,500 Actual labor hours for the year Required: Compute the company’s predetermined overhead rate for the recently completed year?
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Escatel Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. Data found below:
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