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Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for th
The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.64 per machine-hour $6.77
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Estimated total fixed manufacturing overhead 838750
(/) Estimated machine hours 72500
11.57
(+) Estimated variable manufacturing overhead 3.20
Predetermined overhead rate 14.77 per machine hour
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