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Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the...

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Accounting

Duran Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $277,830. At the end of the year, actual direct labor-hours for the year were 19,600 hours, manufacturing overhead for the year was underapplied by $13,500, and the actual manufacturing overhead was $264,380. The predetermined overhead rate for the year must have been closest to:

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