Business, 12.03.2021 15:40 andyromero

For 2018, XYZ Co. uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $8.00 per unit. The selling price of the product is $20.00. The estimated manufacturing overhead costs are $256,000 and estimated 50,000 machine hours. The actual manufacturing overhead costs are $288,000 and actual machine hours are 55,000. Using job costing, the 2018 actual indirect-cost rate is closest to ___

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For 2018, XYZ Co. uses machine-hours as the only overhead cost-allocation base. The direct cost rate...

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