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Business, 06.01.2021 17:40 banditballer2

Digger Inc. sells a high-speed retrieval system for mining information. It provides the following information for the year. Budgeted Actual
Overhead cost 975,000 $950,000
Machine hours 50,000 45,000
Direct labor hours 100,000 92,000

Overhead is applied on the basis of direct labor hours

Required:
a. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e. g. 12.25.)
b. Determine the amount of overhead applied for the year.

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