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Concord Corporation provided the following information from its accounting records for 2019. Estimatedproduction50000 labor hoursActual production46000 labor hoursBudgeted overhead$1000000 Actual overhead$960000 How much is the
Concord Corporation provided the following information from its accounting records for 2019.
Estimatedproduction50000
labor hoursActual production46000
labor hoursBudgeted overhead$1000000
Actual overhead$960000
How much is the overhead application rate if Concord Corporation bases the rate on direct labor hours?
$20.87 per hour
$19.20 per hour
$20.00 per hour
$21.74 per hour
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