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Cavy Company estimates that the factory overhead for the following year will be $1,470,000. The company has decided that the basis for applying factory overhead

Cavy Company estimates that the factory overhead for the following year will be $1,470,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 40,000 hours.

Compute the predetermined overhead rate to apply factory overhead.Round your answer to the nearest cent.

$ ?????? per machine hour

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