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ABC Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor...

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Accounting

ABC Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Ealculate the predetermined overhead rate using machine hours.
Enter your response with two decimals (i.e.,2.46) and without a $ sign or comma.
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