Accounting problem - Regis Corp
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Regis Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 17,900 hours and the total estimated manufacturing overhead was $341,890. At the end of the year, actual direct labor-hours for the year were 16,700 hours and the actual manufacturing overhead for the year was $336,890. Overhead at the end of the year was?
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This solution is comprised of a detailed step-by-step explanation to compute overhead at the end of the year.
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Predetermined manufacturing overhead per hour =
Total estimated manufacturing overhead/Estimated direct ...
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