Before the year began, Starliper industries estimated that their total overhead for the year would...

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Accounting

Before the year began, Starliper industries estimated that their total overhead for the year would be $295,000. Starliper industries uses direct labor cost to allocate overhead. The company estimated that its direct labor cost for the year would be $210,000. After the year was completed, Starliper industries found that their total actual overhead was $320,000 and that their total actual direct labor cost was $215,400. Rounded to the nearest cent, what was Starliper Industries predetermined overhead rate of the year?

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