Business, 27.07.2021 01:30, caitlinrosekozoxegcb

Clay Co. produces ceramic coffee mugs and pencil holders. Manufacturing overhead is assigned to production using an application rate based on direct labor hours. Required: a. For 2013, the company's cost accountant estimated that total overhead costs incurred would be $461,100 and that a total of 53,000 direct labor hours would be worked. Calculate the amount of overhead to be applied for each direct labor hour worked on a production run. (Round your answer to 2 decimal places.)

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Clay Co. produces ceramic coffee mugs and pencil holders. Manufacturing overhead is assigned to prod...