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r cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job 50 was the only
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Answer #1

a.

Estimated manufacturing overhead costs = $1,008,000

Direct labor cost = $840,000

Predetermined overhead rate = Estimated manufacturing overhead costs/Direct labor cost

= 1,008,000/840,000

= 120% of direct labor cost.

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