Problem: For 2018, Jake's Dog Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information:
|
|
Estimated
|
Actual
|
|
Manufacturing overhead costs
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$200,000
|
$240,000
|
|
Machine-hours
|
20,000
|
50,000
|
Required: Using job costing, calculate the 2018 budgeted manufacturing overhead rate?
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