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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 labor

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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 labor costs are summarized here: Direct labor cost Manufacturing overhead Tatimated $ 500,000 985,000 Actul $450,000 910,000 Required: Compute the predetermined overhead rate % Predetermined Overhead Rate

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