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Which of the following is the correct formula to calculate the predetermined factory overhead rate? Estimated total factory overhead costs divided by estimated activity base.

Which of the following is the correct formula to calculate the predetermined factory overhead rate?

Estimated total factory overhead costs divided by estimated activity base.

Actual total factory overhead costs divided by estimated activsy base.

Estimated total factory overhead costs divided by actual activity base.

Actual total factory overhead costs divided by actual activity base.

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