Acc346 (TCO 2) Thibodeaux Limousine Corporation is trying to determine a predetermined

(TCO 2) Thibodeaux Limousine Corporation is trying to determine a predetermined manufacturing overhead. Estimated overhead for the upcoming year is $776,000. Budgeted machine hours are 105,000 hours, and budgeted labor hours are 17,500 hours at a rate of $10.00 per hour. Compute the predetermined overhead rate based on:

(a) Direct labor dollars

(b) Direct labor hours

(c) Machine hours

 

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