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NovaGlide Solutions Inc. has Direct Materials of $126,000 and Direct Labor of $150,000. The company estimates that 41,000 labor-hours will be worked during the year.
NovaGlide Solutions Inc. has Direct Materials of $126,000 and Direct Labor of $150,000. The company estimates that 41,000 labor-hours will be worked during the year. If manufacturing overhead is applied using direct labor-hours, what will be the corporation's predetermined overhead rate per hour? The company has estimated the following costs (see table) for the year. $2.00 $3.00 $3.10 $4.00
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