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Total debits made to the work in process inventory account were $330,000 where $90,000 direct labour costs were incurred. Total credits made to the work
Total debits made to the work in process inventory account were $330,000 where $90,000 direct labour costs were incurred. Total credits made to the work in process inventory account were $275,000. The only unfinished job is Job C-121, which has been charged with $22,000 for direct materials and $16,500 for direct labour. What is the overhead application rate, assuming it is based on direct labour costs?
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