Answers
Requirement: 1
Estimated OH Cost | / | Estimated Direct Labor Cost | = | Predetermined Indirect Cost Allocation Rate |
$276,000 | / | $ 1,200,000 | = | 23% |
Explanation:
1) Estimated OH Cost:
= $ 140,000 + $47,000 + $ 27,000 + $62,000
= $276,000
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