Business, 19.07.2020 14:01 joshtrice5879

Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 30,600 labor-hours. The estimated variable manufacturing overhead was $6.18 per labor-hour and the estimated total fixed manufacturing overhead was $626,076. The actual labor-hours for the year turned out to be 27,100 labor-hours. The predetermined overhead rate for the recently completed year was closest to:

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