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Calculate the unknowns for the following independent situations.
1.Selected data for Lion Corporation:
Allocated manufacturing overhead is based on 50% of direct labor cost.
a.Calculate the allocated manufacturing overhead cost.
b.Calculate the direct labor cost.
2.Selected data for Tiger Corporation:
Manufacturing overhead is allocated at $15 per machine hour.
a.Calculate the allocated manufacturing overhead cost.
b.Calculate the number of machine hours incurred.
Superscript
A character, number, or symbol written or printed above the line of text, often used for citations, footnotes, or mathematical powers.
Six-Figure Accuracy
A term indicating a level of precision or accuracy to the nearest hundred thousand in numerical calculations or measurements.
Powers
In mathematics, the term refers to the exponentiation operation, where a number is raised to the power of another number, indicating repeated multiplication.
Six-Figure Accuracy
A term usually used to describe financial calculations or measurements that are accurate to at least 100,000 or within six figures.
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