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Felton Quality Productions Uses a Predetermined Overhead Allocation Rate Based

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Felton Quality Productions uses a predetermined overhead allocation rate based on machine hours.It has provided the following information for the year:  Actual manufacturing overhead costs incurred $100,000 Manufacturing overhead costs allocated to production $56,000 Actual direct materials cost $220,000 Actual direct labor cost $40,000 Actual machine hours 32,000 hours \begin{array} { | l | r | } \hline \text { Actual manufacturing overhead costs incurred } & \$ 100,000 \\\hline \text { Manufacturing overhead costs allocated to production } & \$ 56,000 \\\hline \text { Actual direct materials cost } & \$ 220,000 \\\hline \text { Actual direct labor cost } & \$ 40,000 \\\hline \text { Actual machine hours } & 32,000 \text { hours } \\\hline\end{array} Based on the above information,calculate the predetermined overhead allocation rate applied by Felton Quality.(Round your answer to the nearest cent. )


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Correlational Techniques

Statistical methods used to determine the relationship or association between two variables.

Statistically

Pertaining to the use of or determined through statistics.

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Often referred to as the alpha level, it is a threshold used in hypothesis testing to determine if the observed data are statistically significant.

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