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Jackets, Inc estimated overhead at $250,000, direct labor at $100,000, and direct materials at $125,000. Jackets, Inc. uses direct materials as the basis for allocating

Jackets, Inc estimated overhead at $250,000, direct labor at $100,000, and direct materials at $125,000. Jackets, Inc. uses direct materials as the basis for allocating overhead. Calculate the predetermined overhead rate (POHR).

My answer was $2.50

Can someone please explain why my answer is wrong? The correct answer was $2.00 on my test.

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