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Assume you are the CFO for John Doe Co . Your accountant has informed you that the predetermined overhead rate is 8 0 % of

Assume you are the CFO for John Doe Co

.

Your accountant has informed you that the predetermined overhead rate is

80 %

of direct labor costs. If direct labor costs for the year are estimated to be

30, 000

hours at a total cost of $

350, 000,

calculate the estimated overhead costs for the year:

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