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Acme Corp applies overhead based on Direct Labor Costs. Based on the following information, calculate the Predetermined Overhead rate. This is in the book as

Acme Corp applies overhead based on Direct Labor Costs. Based on the following information, calculate the Predetermined Overhead rate. This is in the book as apercentage amount, butround to two decimal places and enter it here as 1.21. Do not enter it as 121 or 121%

Machine Hours 104,045

Direct LaborHours 52,760

Direct Labor Costs 673,547

Overhead Costs 811,014

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