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Acme applies overhead at a rate of 120% of direct labor costs. How many dollars of overhead are assigned to a job when it uses

Acme applies overhead at a rate of 120% of direct labor costs. How many dollars of overhead are assigned to a job when it uses direct labor that totals $20,000?

Multiple Choice

  • $240,000.

  • $24,000.

  • $20,000.

  • $16,667.

  • $12,000.

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