Question: can you please explain how you solved this. please provide formulas and steps! A company estimated 173,493 direct labor hours and $699,765 in overhead. The

can you please explain how you solved this. please provide formulas and steps!

A company estimated 173,493 direct labor hours and $699,765 in overhead. The actual overhead was $869,038, and there were 177,604 direct labor hours. What is the predetermined overhead rate? Round to the nearest penny, two decimal places

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