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Your Corporation bases its predetermined overhead rate on the estimated machine-hours. Your Corporation estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated

Your Corporation bases its predetermined overhead rate on the estimated machine-hours. Your Corporation estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $6.82 per machine-hour and the estimated total fixed manufacturing overhead was $230,200. What was the predetermined overhead rate?

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