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What is the sneaker company plantwide overhead rate

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Reference no: EM133173550

Question - A Sneaker company estimates that overhead costs for the next year will be $8,440,00 for indirect labor and $161,500 for factory utilities. The company uses machine hours as its overhead allocation base. If 460,000 machine hours are planned for this next year, what is the sneaker company's plantwide overhead rate?

Reference no: EM133173550

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