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Predetermined overhead rate to the nearest cent

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A company expected its annual overhead costs to be $900,000 and direct labor costs to be $1,000,000. Actual overhead was $870,000, and actual labor costs totaled $1,100,000. How much is the company's predetermined overhead rate to the nearest cent?

a. $0.87

b. $0.79

c. $0.90

d. $0.82

Reference no: EM13122393

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