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Doe corp. applies manufacturing overhead on the basis of direct labor hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $ 85,000 and 2700 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $ 86,500 and actual direct labor hours were 2600. The predetermined overhead rate for the year was?

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Accounting Basics, Accounting

Category:- Accounting Basics
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