Question: Advance Machining estimates that it will require 2 0 , 0 0 0 direct labor - hours to meet the coming period s estimated production

Advance Machining estimates that it will require 20,000 direct labor-hours to meet the coming periods estimated production level. Its estimated annual machine depreciation expense is $160,000. Utility and insurance bills are estimated to be $120,000. Factory monthly rent is $40,000. What is the predetermined overhead rate?

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