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Lanking Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for August follows: Estimated Actual Overhead cost $160,000 $161,000

Lanking Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for August follows: Estimated Actual Overhead cost $160,000 $161,000 Direct labor hours 8,000 8,200 Direct labor cost $120,000 $115,800 How much is the predetermined overhead rate? $1.33 $20.00 $1.03 $19.63

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