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A furniture corporation manufactures two models of furniture-Standard and Deluxe. The total estimated manufacturing overhead costs are $64,350. The following estimates are available: The company

A furniture corporation manufactures two models of furniture-Standard and Deluxe. The total estimated manufacturing overhead costs are $64,350. The following estimates are available: The company uses direct labor costs as the base to allocate manufacturing overhead. Calculate the predetermined overhead rate. (Round your answer to two decimal places.)

191.52%

33.94%

65.13%

31.76%

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