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kaykay41 kaykay41
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Velton Corporation produces toddlers' plastic slides. In preparing the current budget, Velton's management chooses to use an overhead base of direct labor hours. Velton estimates a total of $300,000 in manufacturing overhead costs and 5,000 direct labor hours for the coming year. In December, Velton's controller reported actual manufacturing overhead incurred of $320,000 and 4,900 direct labor hours used during the year.

Required:

a.What is Velton's predetermined overhead rate for the year?
b.How much manufacturing overhead did Velton apply during the year?
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Managerial Accounting

Managerial Accounting


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lewmyrlewmyr
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this is exactly what I needed
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