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The Sexton Company allocates manufacturing overhead to production based on direct labor hours. The following information is available: Estimated manufacturing overhead $227,520 Actual manufacturing overhead
The Sexton Company allocates manufacturing overhead to production based on direct labor hours. The following information is available:
Estimated manufacturing overhead $227,520
Actual manufacturing overhead $225,760
Estimated direct labor hours 18,000
Actual direct labor hours 17,000
The company's overhead application rate should be:
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