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Pohlman Concrete anticipates manufacturing overhead costs totaling $5,000,000 this year. They expect to use 550,000 direct labor hours, for a total labor cost of $899,250,

Pohlman Concrete anticipates manufacturing overhead costs totaling $5,000,000 this year. They expect to use 550,000 direct labor hours, for a total labor cost of $899,250, and 2,100,000 machine hours. Calculate the predetermined overhead rate using machine hours as the allocation base.

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