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A company has two manufacturing departments-Shaping and Painting. The company uses joborder 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 joborder 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 pre-determined overhead rate for 2021 ? (Round intermediate calculations and your final answer to the nearest dollar and cents.)

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