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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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