Question 17 (4 points) Cavy Company estimates that the factory overhead for the following year will...

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Question 17 (4 points) Cavy Company estimates that the factory overhead for the following year will be $1,570,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 40,000 hours. Compute the predetermined overhead rate to apply factory overhead. $40.05 $41.25 $39.25 $36.10 Question 17 (4 points) Cavy Company estimates that the factory overhead for the following year will be $1,570,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 40,000 hours. Compute the predetermined overhead rate to apply factory overhead. $40.05 $41.25 $39.25 $36.10