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Calculate the predetermined overhead rate if a company expects total manufacturing overhead costs of $700,000 and expects to produce 70,000 units of a product. Item

Calculate the predetermined overhead rate if a company expects total manufacturing overhead costs of $700,000 and expects to produce 70,000 units of a product.

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Total Manufacturing Overhead Costs

$700,000

Expected Units of Product

70,000

Also, prepare a manufacturing overhead budget for the upcoming period.

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