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Cathy Company has the following partially completed T-accounts that summarize its transactions during the year: Direct Material Inventory Bal. 1/1 $3,000 $10,000 12,000 Work-in-Process Bal.

Cathy Company has the following partially completed T-accounts that summarize its transactions during the year: Direct Material Inventory Bal. 1/1 $3,000 $10,000 12,000 Work-in-Process Bal. 1/1 $5,250 $24,875 10,000 18,000 27,000 Cathy uses a normal cost system and allocates manufacturing overhead based on direct labor costs. What is the predetermined overhead rate

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