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Smart Company applies overhead based on direct labor hours. At the beginning of the year, the company estimates overhead to be $ 4 8 0

Smart Company applies overhead based on direct labor hours. At the beginning of the year, the company estimates overhead to be $480,000, machine hours to be 120,000, and direct labor hours to be 80,000. During January, they have 6,700 direct labor hours and 11,000 machine hours. What is the predetermined overhead rate?
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