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Marci is trying to determine the predetermined overhead rate for her company. She knows that...

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Accounting

Marci is trying to determine the predetermined overhead rate for her company. She knows that the estimated annual overhead costs for the company are $255,000. The Work in Process inventory has amounted to $35,000 for March and April, and the estimated annual direct labor cost is $300,000. What is the predetermined overhead rate if it applies overhead on the basis of direct labor dollars?

77%

85%

73%

80%

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