A company estimates its manufacturing overhead will be $1,080,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 72,000 $fill in the blank 1 per direct labor hour B. Budgeted direct labor expense: $1,800,000 $fill in the blank 2 per direct labor dollar C. Estimated machine hours: 120,000 $fill in the blank 3 per machine hour

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A company estimates its manufacturing overhead will be $1,080,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent.

A. Budgeted direct labor hours: 72,000

$fill in the blank 1 per direct labor hour

B. Budgeted direct labor expense: $1,800,000

$fill in the blank 2 per direct labor dollar

C. Estimated machine hours: 120,000

$fill in the blank 3 per machine hour

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