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Bonita Industries provided the following information from its accounting records for 2019. Expected production - 40 000 labor hours Actual production - 36 000 labor

Bonita Industries provided the following information from its accounting records for 2019. Expected production - 40 000 labor hours Actual production - 36 000 labor hours Budgeted overhead - $800 000 Actual overhead - $760 000 How much is the predetermined overhead rate if Bonita Industries bases the rate on direct labor hours

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