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Leo Lion Corporation allocates manufacturing overhead based on machine hours. Leo Lion budgeted 11,000 machine hours and $91,000 of manufacturing overhead costs. Actually used were 14,000 machine hours and the following actual costs were incurred:
Indirect Labor 10,000Depreciation on Plant 44,000Machinery Repair 15,000Direct Labor 76,000Plant Supplies 3,000Advertising 33,000Sales commissions 25,000
What is Leo Lion Corporation's predetermined manufacturing overhead cost (round to the nearest penny)?
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