9. During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Alpha's overhead application
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9.During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $270,000 would be incurred, and 9,100 direct labor hours would be worked.During March, 11,000 hours were actually worked. Use this information to determine the standard overhead rate.(round & enter any final dollar answers to the nearest cent):
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