Compute plantwide overhead rates


Renfro Manufacturing identified the following data in its two production departments.

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1. What is the company's single plantwide overhead rate based on direct labor hours?

2. What is the company's single plantwide overhead rate based on machine hours?

3. What are the company's departmental overhead rates if the assembly department assigns overhead based on direct labor hours and the finishing department assigns overhead based on machine hours?

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Accounting Basics: Compute plantwide overhead rates
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