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Business, 17.02.2020 22:06 sCoTtYbOy5329

For 2018, Franklin Manufacturing uses machineminus−hours as the only overhead costminus−allocation base. The estimated manufacturing overhead costs are $300,000 and estimated machine hours are 40,000. The actual manufacturing overhead costs are $520,000 and actual machine hours are 50,000. Using job costing, the 2018 budgeted manufacturing overhead rate is . (Round the final answer to the nearest cent.)

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