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bloom advertising pays brooke peet $111,600 per year. Assume that bloom advertising agents are expected to...

bloom advertising pays brooke peet $111,600 per year. Assume that bloom advertising agents are expected to work a total of 6,000 direct labor hours in 2018. Bloom estimated total indirects costs are $360,000 and the allocation base used is direct labor hours. What is Bloom's predetermibed overhead allocation rate? What indirect costs will be allocated to Client 507 if Brooke Peet, an advertising agent at Bloom Advertising, works 11 hours to prepare the magazine ad?
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$ Indirect Expenses Direct Labor hours Allocation Rate 3,60,000 6000 60 per Direct Labor hour $ Allocation to Client - 507 Ho

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