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Business, 18.03.2021 01:30 ciaotaylor

Eighty-Eight Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $238,950. At the end of the year, actual direct labor-hours for the year were 18,400 hours, manufacturing overhead for the year was underapplied by $12,300, and the actual manufacturing overhead was $225,740. The predetermined overhead rate for the year must have been closest to:

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