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Business, 17.02.2020 23:31 nessross1018

Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $309,680 for the year, and machine usage is estimated at 126,400 hours. For the year, $385,530 of overhead costs are incurred and 131,400 hours are used. Collapse question part (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e. g. 1.25.)

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