A manufacturing company applies factory overhead based on, Financial Accounting

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A manufacturing company applies factory overhead based on

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $352,491 and direct labor hours would be 48,925. Actual manufacturing overhead costs incurred were $302,293, and actual direct labor hours were 50,994. What is the predetermined overhead rate per direct labor hour?

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