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Bean Company Uses a Job Order Cost System and Last

question 93

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Bean Company uses a job order cost system and last period incurred $70,000 of overhead and $100,000 of direct labor. Bean estimates that its overhead next period will be $65,000. The company also expects to incur $100,000 of direct labor. If Bean bases its overhead applied on direct labor cost, what should be the overhead allocation rate for the next period?

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Definitions:

Human Resource Audits

A comprehensive method of objectively and systematically assessing the effectiveness of an organization’s HR policies and procedures.

Replacement Chart

A visual or data-driven tool used in human resources to outline potential internal candidates for succession planning or to fill upcoming vacancies.

Staffing Tables

Organizational charts or documents that outline the current and future personnel needs of a company, including job titles and employee counts.

Hrm Programs

Initiatives designed to manage and enhance an organization's workforce through strategic planning, employee engagement, training, and development.

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