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Homework answers / question archive / Arbor, Inc

Arbor, Inc

Accounting

Arbor, Inc. had overhead of $355,000 during the year when $305,000 in labor costs were incurred. Estimates at the start of the year for overhead and labor costs were $486,750 for overhead and $295,000 for labor costs. The predetermined overhead rate would be: 

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Computation of Predetermined Overhead Rate:

Predetermined Overhead Rate (Labor cost as base) = Estimated overhead cost/Estimated labor cost

 =$486,750/$295,000

Predetermined Overhead Rate =165%

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