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Question - George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow.
Estimated manufacturing overhead cost $235,400
Actual manufacturing overhead cost $244,600
Estimated machine hours 20,400
Actual machine hours 22,800
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The predetermined manufacturing overhead rate per machine hour is closest to (Round your answer to the nearest cent.)
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