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Content Area Aspen Technologies has the following budget data: Line Item Description Amount Estimated direct labor hours 10,500 Estimated direct labor dollars $57,800 Estimated factory

Content Area Aspen Technologies has the following budget data: Line Item Description Amount Estimated direct labor hours 10,500 Estimated direct labor dollars $57,800 Estimated factory overhead costs $164,400 If factory overhead is to be applied based on direct labor hours, the predetermined factory overhead rate is a. $12.53 b. $15.66 c. $23.49 d. $18.79

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