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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $331,100 and direct labor hours would be 43,800. Actual manufacturing overhead costs incurred were $315,500, and actual direct labor hours were 53,000. What is the predetermined overhead rate per direct labor hour?
a.$7.56
b.$6.05
c.$11.34
d.$9.07
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