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Steve's Plastics Manufacturing allocates overhead cost based on machine hours. Estimated manufacturing overhead (overhead) costs $100,000 Estimated machine hours 20,000 The predetermined overhead cost rate

Steve's Plastics Manufacturing allocates overhead cost based on machine hours.

Estimated manufacturing overhead (overhead) costs $100,000
Estimated machine hours 20,000

The predetermined overhead cost rate is:

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$4.80 per machine hour.

$6.00 per machine hour.

$4.00 per machine hour.

$5.00 per machine hour.

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