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Smith Corp. is estimating its predetermined overhead rate for the coming year. Estimated overhead costs are $12,000,000. Smith allocates overhead costs based upon machine hours

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Smith Corp. is estimating its predetermined overhead rate for the coming year. Estimated overhead costs are $12,000,000. Smith allocates overhead costs based upon machine hours and estimates that 6,000,000 machines hours will be used in the coming year. Compute Smith Corp's. predetermined overhead rate

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