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1. 25 pts Antietam Block uses number of minutes in its firing oven to allocate overhead to products. In a typical month, 5,000 firing minutes
1. 25 pts Antietam Block uses number of minutes in its firing oven to allocate overhead to products. In a typical month, 5,000 firing minutes are expected, and average monthly overhead costs are $3,500. During January, 4,800 firing minutes were used and total overhead costs were $2,750. Required: Compute the predetermined overhead rate and the amount of applied overhead for January
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