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Giannitti Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours

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Giannitti Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,600 $ 3.40 per machine-hour 5838,789 The predetermined overhead rate for the recently completed year was closest to

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