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Benoit Corporation's manufacturing overhead includes $14.70 per machine-hour for variable manufacturing overhead and $712,080 per period for fixed manufacturing overhead. Required: Determine the predetermined overhead

Benoit Corporation's manufacturing overhead includes $14.70 per machine-hour for variable manufacturing overhead and $712,080 per period for fixed manufacturing overhead.

Required:

Determine the predetermined overhead rate for the denominator level of activity of 7,200 machine-hours. (Round your answer to 2 decimal places.)

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