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A company has two manufacturing departments- Shaping and Painting. The company uses job-order costing and provides the following estimated overhead costs for the year 2021:

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A company has two manufacturing departments- Shaping and Painting. The company uses job-order costing and provides the following estimated overhead costs for the year 2021: The company uses a single, company-wide predetermined overhead rate to allocate overhead to jobs based on direct labor hours. What is the predetermined overhead rate for 2021? (Round intermediate calculations and your final answer to the nearest dollar and cents.)

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