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The following information was taken from the annual manufacturing overhead cost budget of Coronado Industries During the year, 5600 units were produced, 20840 hours were worked, and the actual manufacturing overhead was $151200. Actual foced manufacturing overhead costs equaled budgeted foxd manufacturing overhead coats. Overhead is applied on the basis of direct labor hours: Coronado's total overhead rate is $653$231$3.50$4.00