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Q-dot Manufacturing uses a predetermined overhead allocation rate based on direct labor hours.It has provided the following information for the year:
Based on the above information,calculate Q-dot's predetermined overhead allocation rate.(Round your answer to two decimal places.)
Industry Output
The total production of goods and services by all firms within a specific industry.
Housing Price Index
A statistical measure designed to reflect the price changes of residential housing.
Case And Schiller
Researchers known for their work in analyzing home prices that led to the development of the S&P/Case-Shiller Home Price Indices.
Greenspan And Bernanke
Alan Greenspan and Ben Bernanke, both of whom served as Chairmen of the Federal Reserve, driving significant monetary policy decisions in the United States.
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