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Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,600

Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours 72,600
Estimated variable manufacturing overhead $3.40 per machine-hour
Estimated total fixed manufacturing overhead $838,700

The predetermined overhead rate for the recently completed year was closest to:

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