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HP handles custom projects: Project Gamma (materials $400,000, labor $600,000, overhead $200,000), Project Delta (materials $300,000, labor $500,000, overhead $150,000). Requirements: Calculate the total cost

  1. HP handles custom projects: Project Gamma (materials $400,000, labor $600,000, overhead $200,000), Project Delta (materials $300,000, labor $500,000, overhead $150,000).
    • Requirements:
      • Calculate the total cost for each project.
      • Determine the overhead allocation rate.
      • Prepare job cost sheets for each project.
      • Analyze the profitability of each project.

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