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5 1 point Rex Co . estimates that annual manufaciuring overhead costs will be $ 6 0 , 0 0 0 . Estimated annual operating

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Rex Co. estimates that annual manufaciuring overhead costs will be $60,000. Estimated annual operating activity bases are direct labor cost $40,000, direct labor hours 4,000, and machine hours 1,117.
Calculate predetermined overhead rate per machine hour (Round answers to 2 decimal places, e.g.10.50.)
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