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Chipman Corporation expects to incur $360,000 of factory overhead and $500,000 of general and administrative costs next year. Direct labor costs at $25 per hour
Chipman Corporation expects to incur $360,000 of factory overhead and $500,000 of general and administrative costs next year. Direct labor costs at $25 per hour are expected to total $600,000. If factory overhead is to be applied per direct labor dollar, how much overhead will be applied to a job incurring $4,000 of direct labor?
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