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Almaraz Corporation has two manufacturing departments-Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:

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Almaraz Corporation has two manufacturing departments-Forming and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. That predetermined manufacturing overhead rate is closest to: $7.10 54.87 $4.10 56.62

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