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Rimac incurs a total overhead cost of $24,000,000 and uses 240,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to

Rimac incurs a total overhead cost of $24,000,000 and uses 240,000 machine hours. Calculate the predetermined overhead rate. How much overhead would be applied to a job that uses 3,000 machine hours at Rimac? Prepare the balance sheet after the formation of the partnership.

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