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Michael & Co. expects overhead costs of $60,000 per month and direct production costs of $24 per unit. The estimated production activity for the current

Michael & Co. expects overhead costs of $60,000 per month and direct production costs of $24 per unit. The estimated production activity for the current accounting period is as follows:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Units produced 11,500 9,000 8,250 11,250

The predetermined overhead rate based on units produced is: (rounded to the nearest penny.)

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