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From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the

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From the following budgeted data, calculate the budgeted indirect cost rate that would be used in a normal costing system. Actual results for the year were the following: Total direct labor hours 5,000 Total indirect labor hours 1,300 Direct costs $35,000 Total indirect labor related costs $60,000 Total indirect nonlabor related costs $75,000 The budgeted indirect cost rate is: Answer:

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