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Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year....

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Accounting

Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below:
Estimates made at the beginning of the year:
Estimated machine-hours
Estimated variable manufacturing overhead
Estimated total fixed manufacturing overhead
$1;002,990
Actual machine-hours for the year
47,200
The predetermined overhead rate for the recently completed year was closest to:
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