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Cadillac incurs a total overhead cost of $22,000,000 and uses 220,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to

Cadillac incurs a total overhead cost of $22,000,000 and uses 220,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to a job that uses 2,700 machine hours at Cadillac? Prepare the balance sheet after the formation of the partnership.

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