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31. Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: Actual manufacturing overhead $150,000

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31. Martin Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows: Actual manufacturing overhead $150,000 Jon Estimated manufacturing overhead $145,000 Direct labor hours incurred 4,800 Direct labor hours estimated 5,000 Instructions Compute the predetermined overhead rate

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