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Brother Industries incurs a total overhead cost of $20,000,000 and uses 200,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied

Brother Industries incurs a total overhead cost of $20,000,000 and uses 200,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to a job that uses 2,500 machine hours at Brother Industries? Prepare the balance sheet after the formation of the partnership.

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