Business, 03.03.2020 04:49, demelahar

Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine-hours. At the beginning of the year, it estimated total manufacturing overhead costs to be $1,010,000, total number of direct labor hours to be 5000, and total number of machine-hours to be 25,000 hours. What was the predetermined overhead allocation rate? (Round your answer to the nearest cent.)

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Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine-h...