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Bernard Company's budgeted manufacturing overhead is $2,700,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for the period

Bernard Company's budgeted manufacturing overhead is $2,700,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for the period are 60,000. What is the manufacturing overhead rate? $48.75 $3.75 $45.00 527.00

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