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Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost. The manufacturing overhead cost allocated during the year is $270,000.

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Doric Agricultural Corporation uses a predetermined overhead allocation rate based on the direct labor cost. The manufacturing overhead cost allocated during the year is $270,000. The details of production and costs incurred during the year are as follows: What is the oredetermined overhead allocation rate applied by the corporation? (Round your answer to two decimal places.) 96.30% 156.82% 65.38% 33.27%

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