What is the predetermined office overhead rate, Accounting Basics

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What is the predetermined office overhead rate

The following information has been gathered for Cheatham Law Offices for its fiscal year ending December 31:

Actual office overhead costs $1,275,500
Actual billable labor hours 44,600
Actual billable labor cost $3,960,000
Estimated office overhead costs $1,080,000
Estimated billable labor hours 48,000
Estimated billable labor costs $4,320,000

What is the predetermined office overhead rate per billable labor hour?

A. $28.60
B. $26.57
C. $22.50
D. $24.22

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Accounting Basics: What is the predetermined office overhead rate

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Accounting Basics: What is the predetermined office overhead rate

Reference No:- TGS076706

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Short-run pricing decisions

Q : How much should the selling price be per unit

Q : Best opportunity for cost reduction

Q : What is the amount of paid-in capital in excess of par

Q : What is the predetermined office overhead rate

Q : Adjusted basis for partnership interest problem

Q : State and local tax provisions

Q : Find out the total cost recovery deduction

Q : Explain the basics of accounting

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the predetermined office overhead rate

Reference No:- TGS076706

Recent Questions Asked Accounting Basics

Q : Short-run pricing decisions

Q : How much should the selling price be per unit

Q : Best opportunity for cost reduction

Q : What is the amount of paid-in capital in excess of par

Q : What is the predetermined office overhead rate

Q : Adjusted basis for partnership interest problem

Q : State and local tax provisions

Q : Find out the total cost recovery deduction

Q : Explain the basics of accounting

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