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Business, 13.06.2020 17:57 moorealexis819owh9lb

The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $10,308 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $3,400 and direct labor cost of $2,200. Therefore, the company's overhead application rate is:

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