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Aspen Technologies has the following budget data: Estimated direct labor hours 10,400 Estimated direct labor dollars $50,900 Estimated factory overhead costs $167,800 If factory overhead

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Aspen Technologies has the following budget data: Estimated direct labor hours 10,400 Estimated direct labor dollars $50,900 Estimated factory overhead costs $167,800 If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is a. $24.20 b. $19.36 c. $12.91 d. $16.13

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