Geneva Products is a manufacturing company that operates a job-order costing system. Overhead costs are...
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Geneva Products is a manufacturing company that operates a job-order costing system. Overhead costs are applied to jobs on the basis of machine-hours. At the beginning of the year, management estimated that the company would incur $170,000 in manufacturing overhead costs for the year and work 85,000 machine hours. What is the companys predetermined overhead rate (round up to two decimal points)?
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