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X Company has the following estimated costs for the year: Direct materials $58,000 Direct labor 16,500 Factory supplies 20,100 Factory supervision 29,600 Advertising 41,200 Factory
X Company has the following estimated costs for the year: Direct materials $58,000 Direct labor 16,500 Factory supplies 20,100 Factory supervision 29,600 Advertising 41,200 Factory rent 46,500 Sales salaries 43,000 Factory insurance 67,600 X Company estimates that machines will be operated for 60,000 hours during the year, and 1,100 direct labor hours will be worked during the year. If overhead is allocated on the basis of machine hours, what will the overhead rate be?
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