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Martin Company applies manufactoring overhead based on direct labor hours. Information concerning manufacturing overhead and...

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Accounting

Martin Company applies manufactoring overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the year follows:

Actual Manufacturing Overhead $150,000

Estimated manufacturing overhead $145,000

Direct Labor hours incurred 4,800

Direct Labor hours estimted 5,000

Instructions: Please compute the predtermined overhead rate

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