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Garblewood Manufacturing uses manchine hours for the cost driver. They have determined Budgeted Machinery...

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Accounting

Garblewood Manufacturing uses manchine hours for the cost driver. They have determined Budgeted Machinery Costs to be $1,500,000. Determine the machinery cost pool rate if the budgeted machine hours for each product line is as follows:
Product Ace: 150,000 hours
Product Base: 97,000 hours
Product Case: 53,000 hours
Machinery Cost Pool Rate = ?

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