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Assume (1) estimated fixed manufacturing overhead for the coming period of $218,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, and

Assume (1) estimated fixed manufacturing overhead for the coming period of $218,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, and (3) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to: Multiple Choice $7.36. $5.23. $6.00. $5.96.

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