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Smith Office Equipment Company's budgeted manufacturing overhead is $3,600,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for

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Smith Office Equipment Company's budgeted manufacturing overhead is $3,600,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for the period are 40,000. What is the manufacturing overhead rate? A. $97.50 B. $36.00 C. $90.00 D. $7.50

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