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The Luna Manufacturing Company made the following transactions. Calculate the Predetermined Overhead Rate (round to two decimal places $ X.XX). The company estimated the manufacturing

The Luna Manufacturing Company made the following transactions.

Calculate the Predetermined Overhead Rate (round to two decimal places $ X.XX).
The company estimated the manufacturing overhead would be $125,125, and the direct labor hours were
estimated to be 71,500 hours. Calculate the predetermined overhead rate

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