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If budgeted overhead costs for year 1 and year 2 are $8000 and $10,000 respectively. Moreover company also estimated that 1000 direct labor hours will

If budgeted overhead costs for year 1 and year 2 are $8000 and $10,000 respectively. Moreover company also estimated that 1000 direct labor hours will be worked in year 1 and 1200 direct labor hours in year 2. compute overhead application rate for year 1?

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