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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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