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A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. how much is the company's predetermined overhead rate to the nearest rent?

a. $ 0.58

b.$0.53

c.$0.60

d.$0.55

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416101

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