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Calculate the predetermined overhead rate for 2017 assuming Lott Company estimates total manufacturing overhead costs of 840000 direct labor costs of 700000 and direct labor

Calculate the predetermined overhead rate for 2017 assuming Lott Company estimates total manufacturing overhead costs of 840000 direct labor costs of 700000 and direct labor hours of 20000 for the year Round answer to the nearest whole percent eg 25 Predetermined overhead rate?

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