Question: Acme Corp applies overhead based on Direct Labor Costs. Based on the following information, calculate the Predetermined Overhead rate. This is in the book as

Acme Corp applies overhead based on Direct Labor Costs. Based on the following information, calculate the Predetermined Overhead rate. This is in the book as a percentage amount, but round to two decimal places and enter it here as 1.21. Do not enter it as 121 or 121% Machine Hours 104705 Direct Labor Hours 54007 Direct Labor Costs 673589 Overhead Costs 817040

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