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What is the company's plantwide overhead rate, if ABC Company estimates overhead cost for the next year to be $6,000,000 for indirect labor and $600,000

What is the company's plantwide overhead rate, if ABC Company estimates overhead cost for the next year to be $6,000,000 for indirect labor and $600,000 for factory depreciation of equipment. The company usesmachine labor hours as its overhead allocation base. If 60,000machine hours are planned for this nex year, what is the company's plantwide overhead rate?

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