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26. (15 points) Pike Aviation uses airplane flight hours to measure its predetermined overhead rate. Data for the upcoming year appear below: Estimated activity ..
26. (15 points) Pike Aviation uses airplane flight hours to measure its predetermined overhead rate. Data for the upcoming year appear below:
Estimated activity .. 1,500 flight hours
Estimated variable overhead . $150.00 per flight hour
Estimated fixed overhead .. $600,000 per year
Compute the company's predetermined overhead rate
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