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(TCO 2) ABC Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead cost and direct labor for August follows. Estimated Actual

(TCO 2) ABC Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead cost and direct labor for August follows.

EstimatedActual

Overhead cost$270,000$300,000

Direct labor hours20,00030,000

Direct labor cost$90,000$60,000

How much is the predetermined overhead rate?

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