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Pfizer has a total overhead cost of $16,000,000 and allocates it based on direct labor hours. If there are 200,000 direct labor hours, what is

Pfizer has a total overhead cost of $16,000,000 and allocates it based on direct labor hours. If there are 200,000 direct labor hours, what is the overhead rate per hour? If a job uses 3,000 direct labor hours, how much overhead is applied to the job? Prepare the balance sheet after the formation of the partnership.

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