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How do i solve this step by step. If there is a formula used please present it. A Sneaker company estimates that overhead costs for

How do i solve this step by step. If there is a formula used please present it.

A Sneaker company estimates that overhead costs for the next year will be $8,440,00 for indirect labor and $161,500 for factory utilities. The company uses machine hours as its overhead allocation base. If 460,000 machine hours are planned for this next year, what is the sneaker company's plantwide overhead rate?

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