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Lees Bakery makes and sells gluten-free bread. The annual estimated manufacturing overhead cost for Lees is $9,000 and is based on the budgeted number of

Lees Bakery makes and sells gluten-free bread. The annual estimated manufacturing overhead cost for Lees is $9,000 and is based on the budgeted number of loaves of bread. What is Lees predetermined overhead rate if it plans to bake 200 loaves of bread monthly this year?

$3.75

$6.80

$7.50

$4.50

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