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Mitsubishi incurs a total overhead cost of $35,000,000 and uses 350,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to

Mitsubishi incurs a total overhead cost of $35,000,000 and uses 350,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to a job that uses 4,500 machine hours at Mitsubishi? Prepare the balance sheet after the formation of the partnership.

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