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Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning

Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $53,300 and its total manufacturing overhead cost to be $95,940.

How do I calculate the predetermined overhead rate as a percent of direct labor cost?

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