The Murray Corporation makes and sells a single product. The company recorded the following activity and cost data for May: 
The fixed component of the predetermined overhead rate is $0.95 per direct labor-hour. The fixed manufacturing overhead used to calculate the predetermined overhead rate was:
Definitions:
Small Businesses
Enterprises that are independently owned and operated, characterized by a small number of employees and relatively low volume of sales.
Success Rate
The proportion or percentage of attempts that result in success, often used as a metric to gauge the effectiveness of a particular strategy or process.
Entrepreneurial Firms
Businesses characterized by innovative practices, growth orientation, and the pursuit of opportunities beyond current resources.
Birth Stage
The initial phase in the life cycle of a business or product, characterized by development and early growth.
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