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A company expected its annual overhead costs to be $1,892,632 and direct labor costs to be $1,802,528. Actual overhead was $1,981,535, and actual labor costs
A company expected its annual overhead costs to be $1,892,632 and direct labor costs to be $1,802,528. Actual overhead was $1,981,535, and actual labor costs totaled $1,294,067. How much is the companys predetermined overhead rate to the nearest cent?
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