henkes corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. at the beginning of the most recently completed year, the company estimates the labor hours for the upcoming year at 63,000. the estimated variable man overhead was 12.00 per labor hour and the estimated total fixed man overhead was 1,134,000. the actual labor hours for the year turned out to be 65,900 labor hours. compute the companys predetermined overhead rate for the recently completed year.

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