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Question - The following information has been gathered for the Georgia Manufacturing Company pertaining to its fiscal year ending December 31:
Actual manufacturing overhead costs $1,650,300
Actual direct labor hours 66,000
Actual direct labor rate $15.50
Estimated manufacturing overhead costs $1698,000
Estimated direct labor rate $15.75
Estimated direct labor hours 65,000
Georgia Mig. Co. uses direct labor costs as the activity base for assigning overhead? What is the predetermined manufacturing overhead rate?
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