Predetermined overhead rate to the nearest cent, Accounting Basics

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Predetermined overhead rate to the nearest cent

Willis expected its annual overhead costs to be $300,000 and direct labor costs to be $500,000. Actual overhead was $290,000, and actual labor costs totaled $550,000. How much is the company's predetermined overhead rate to the nearest cent?

a. $0.58

b. $0.53

c. $0.55

d. $0.60

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Accounting Basics: Predetermined overhead rate to the nearest cent

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Accounting Basics: Predetermined overhead rate to the nearest cent

Reference No:- TGS063378

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Accounting Basics: Predetermined overhead rate to the nearest cent

Reference No:- TGS063378

Recent Questions Asked Accounting Basics

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