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Hemingway, Inc. applies factory overhead based on direct labor costs. The company incurred the following costs during 2011: direct materials costs 650,000; direct labor costs, 3 million; and factory overhead costs applied, 1,800,000. Determine the company's predetermined overhead rate for 2011.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9977649

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