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Given the following information, what is the Indirect Cost allocation rate for Setup costs? Estimated Set up costs = $100,000 (based on Machine Hours). Total

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Given the following information, what is the Indirect Cost allocation rate for Setup costs? Estimated Set up costs = $100,000 (based on Machine Hours). Total Direct Labor hours are 20,000 hours. Direct Labor Costs are $60,000. Total Machine Hours are 10,000. $10 per Machine Hour $5 per Direct Labor Hour $5 per Machine Hour $10 per Direct Labor Hour

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