Fountain Garden Supplies uses a traditional costing system for allocating manufacturing overhead costs. Information related to their estimated and actual manufacturing overhead costs and cost driver is provided below. Estimated overhead costs $800,000 Actual overhead costs $780,000 Estimated cost driver 16,000 DL hours Actual cost driver 15,000 DL hours What is the predetermined overhead rate? Please give your answer to two decimal places. Do not include the "$" sign.

Fountain Garden Supplies uses a traditional costing system for allocating manufacturing overhead costs. Information related to their estimated and actual manufacturing overhead costs and cost driver is provided below. Estimated overhead costs $800,000 Actual overhead costs $780,000 Estimated cost driver 16,000 DL hours Actual cost driver 15,000 DL hours What is the predetermined overhead rate? Please give your answer to two decimal places. Do not include the "$" sign.

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Description: Fountain Garden Supplies uses a traditional costing system for allocating manufacturing overhead costs. Information related to their estimated and actual manufacturing overhead costs and cost driver is provided below. Estimated overhead costs$800,00

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...

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