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4 During the first quarter of 2022, Crane Company reports the following: 1....

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Accounting

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During the first quarter of 2022, Crane Company reports the following: 1. Estimated overhead $221,783 2. Actual overhead $220,360 3. Estimated labour costs $169,300 4. Actual labour costs $172,000 The company allocates its overhead on the basis of direct labour cost. (a) Calculate the predetermined overhead rate. (Round answer to the nearest whole percentage, e.g. 152%.) Predetermined overhead rate %

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