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West Company estimates that overhead costs for the next year will be $5,440,000 for indirect...

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Accounting

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West Company estimates that overhead costs for the next year will be $5,440,000 for indirect labor and $570,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 70,000 machine hours are planned for this next year, what is the company's plant-wide overhead rate? $8.14 per machine hour $77.71 per machine hour $0.02 per machine hour $85.86 per machine hour

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