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Laflame Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for

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Laflame Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 70,000 $357,000 Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 5 3.90 The estimated total manufacturing overhead is closest to

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