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Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct

Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct labor costs are summarized here: Direct labor cost Manufacturing overhead Estimated $600,000 Actual $550,000 900,000 850,000 Required: Compute the predetermined overhead rate. Predetermined Overhead Rate %

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