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A company expected its annual overhead costs to be $2500000 and direct labor costs to be $1000000. Actual overhead was $2450000, and actual labor costs
A company expected its annual overhead costs to be $2500000 and direct labor costs to be $1000000. Actual overhead was $2450000, and actual labor costs totaled $1100000. How much is the companys predetermined overhead rate to the nearest cent? $2.27 $2.23 $2.45 $2.50
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