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On July 1, Job 46 had a beginning balance of $690. During July, prime costs added to the job totaled $680. Of that amount, direct
On July 1, Job 46 had a beginning balance of $690. During July, prime costs added to the job totaled $680. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,500.
Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? Round your answer to the nearest whole percent.
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