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Business, 27.09.2019 04:20 jollyjinkings

The work in process inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $12,960 debit balance after all posting is completed. the cost sheet of the one job still in process shows direct material cost of $4,000 and direct labor cost of $2,800. therefore, the company's overhead application rate is:

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