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Mehboob Corporation calculate its predetermined overhead rate on the basis of estimated machine-hours. Data for the upcoming year is as follows: Estimated Machine Hours Rs.

Mehboob Corporation calculate its predetermined overhead rate on the basis of estimated machine-hours. Data for the upcoming year is as follows:

Estimated Machine Hours

Rs. 80,000

Estimated variable manufacturing overhead per machine hour

Rs. 10.50

Estimated total fixed manufacturing overhead

Rs. 520,000

The predetermined overhead rate for the recently completed year was closest to:

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