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Question 17 1 pts A company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials used cost $80,000. Determine the amount of overhead Lowden Company should record in the current period. 0 $31250. 0 $50,000. 0 $30,000. 0 $123,000. 0 $200,000