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Zulify Company decides to calculate its predetermined overhead rate at the beginning of the year. The company budgets overhead costs for the year at $250,000

Zulify Company decides to calculate its predetermined overhead rate at the beginning of the year. The company budgets overhead costs for the year at $250,000 and determines total budgeted labor hours of 50,000 as the cost driver. Actual usage of labor hours is 40,000. What is Zulify Company's predetermined overhead rate

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