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A company uses direct labor to calculate overhead. Estimated overhead for next hear is $150,000 and estimared direct labor is $75,000. During 2018, actual direct

A company uses direct labor to calculate overhead. Estimated overhead for next hear is $150,000 and estimared direct labor is $75,000. During 2018, actual direct labor was $80,000 and actual overhead was $125,000. Calculate the Predetermined Overhead rate and the amount of Overhead applied. (SHOW ALL CALCULATIONS).

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