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A corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following

A corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. The predetermined overhead rate per machine-hour would be closest to: $8.98 $9.74 $17.80 $9,86

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