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A firm uses a job-order cost system and allocates manufacturing overhead based on direct labor hours. The following information was available for the current year:

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A firm uses a job-order cost system and allocates manufacturing overhead based on direct labor hours. The following information was available for the current year: Budgeted Actual Manufacturing overhead $240,000 $270,000 Direct labor hours 12,000 15,000 What was the firm's manufacturing overhead application rate for the year? a. $22.50 b. $18.00 O c. $20.00 O d. $16.00

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