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Home Q & A Board Other Fields Homework Help Business Accounting
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gslwong gslwong
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A year ago
Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that total manufacturing overhead would be $1,488,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 62,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control.

Raw Materials Inventory$304,291
Work in Process Inventory$337,997
Finished Goods Inventory$756,362
Actual direct labor hours used68,970
Actual overhead incurred$1,434,576

What predetermined overhead rate did Mirada use during the year (if necessary, round your answer to two decimal places)?

▸ $21.57 per DLH

▸ $24.00 per DLH

▸ $20.80 per DLH

▸ $23.14 per DLH
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Managerial Accounting

Managerial Accounting


Edition: 4th
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jvigil33jvigil33
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