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The following budget data are available for Oldest Company: Estimated direct labor hours 11,717 Estimated direct dollars $66,183 Estimated factory overhead costs $152,586 If factory

The following budget data are available for Oldest Company: Estimated direct labor hours 11,717 Estimated direct dollars $66,183 Estimated factory overhead costs $152,586 If factory overhead is to be applied based on direct labor hours, what is the predetermined overhead rate? Select the correct answer. a. $5.65 b. $2.31 c. $13.02 d. $0.43

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