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Unilever USA produces two products: Dove and Axe. The total overhead cost is $25,000,000, with 110,000 machine hours for Dove and 190,000 machine hours for

Unilever USA produces two products: Dove and Axe. The total overhead cost is $25,000,000, with 110,000 machine hours for Dove and 190,000 machine hours for Axe. Calculate the overhead rate per machine hour and the overhead allocated to each product. Prepare a classified balance sheet as of December 31, 20X1.

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