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Compute the predetermined overhead rate to apply factory

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Reference no: EM132530199

Cavy Company estimates that the factory overhead for the following year will be $1,470,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 40,000 hours.

Question 1: Compute the predetermined overhead rate to apply factory overhead. Round your answer to the nearest cent.

Reference no: EM132530199

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