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Simoneaux Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 20,500 machine-hours. The estimated variable manufacturing overhead was $5.70 per machine-hour and the estimated total fixed manufacturing overhead was $467,400. The predetermined overhead rate for the recently completed year was closest to?

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Accounting Basics, Accounting

Category:- Accounting Basics
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