Business, 19.10.2020 19:01 dakmil79

Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 40,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $466,000 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 $713,400 and its actual total direct labor was 41,000 hours. Required:
Compute the company's pre-determined overhead rate for the year.

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Ogan Products computes its predetermined overhead rate annually on the basis of direct labor-hours....

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