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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
Felton Quality Productions uses a predetermined overhead allocation rate based on machine hours. It has provided the following information for the year:

Actual manufacturing overhead costs incurred   $100,000
Manufacturing overhead costs allocated to production   $56,000
Actual direct materials cost   $220,000
Actual direct labor cost   $40,000
Actual machine hours   32,000 hours

Based on the above information, calculate the predetermined overhead allocation rate applied by Felton Quality.  (Round your answer to the nearest cent.)
A) $1.75 per machine hour
B) $3.13 per machine hour
C) $1.25 per machine hour
D) $6.88 per machine hour
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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8 years ago
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H3Ko Author
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#2
8 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
8 years ago
I'm liking this Slight Smile
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#4
5 years ago
Thank you
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#5
3 years ago
 thank you
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