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A company estimates that overhead costs for the next year will be $9,234,000 for indirect labor and $156,800 for factory utilities.The company uses machine hours as its overhead allocation base.If 500,000 machine hours are planned for this next year,what is the company's plantwide overhead rate? (Round to two decimal places)
Dual-Circuit Foot Valve
A brake valve used in heavy vehicles that controls two separate air brake systems from a single pedal.
FMVSS-121
The Federal Motor Vehicle Safety Standard pertaining to air brake systems, ensuring safe stopping distances and reliability for heavy trucks and buses.
Pneumatically
Operating or moved by air pressure; often refers to tools, systems, or components that use compressed air to function.
Quick-Release Gladhand
A type of coupling used for connecting the brake lines between a truck and a trailer, designed for quick and easy connection and disconnection.
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