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Walsam Tools applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for August follows: How much is the predetermined overhead

Walsam Tools applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for August follows:

How much is the predetermined overhead rate?

EstimatedActual

Overheadcost$160,000$161,000

Direct labor hours8,0008,200

Direct labor cost$120,000$115,800

$1.33

$20.00

$1.03

$19.63

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