Nguyen inc. applies overhead to products based on direct labor hours using normal costing. during 2016, total overhead costs were estimated to be $500,000. actual overhead totaled $540,000 based on 32,000 actual direct labor hours. at the end of the year, overhead was overapplied by $20,000. based on this information, what was the predetermined overhead rate used during 2016?

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%