All Answers have been explained in detail..1) Thibodeaux Limousine Corporation i

All Answers have been explained in detail..1) Thibodeaux Limousine Corporation is trying to determine apredetermined manufacturing overhead. Estimated overhead for theupcoming year is $776000. Budgeted machine hours are 105000hours and budgeted labor hours are 17500 hours at a rate of$10.00 per hour. Compute the predetermined overhead rate basedon: