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Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output

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Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Compute the predetermined overhead rate for the year. Determine the amount of overhead that would be applied to the output of the period

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