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Trippett Industries manufactures cleaning products. During the year, the company spent $613,000 on chemicals and $770,000 on conversion costs. Overhead is applied at a rate
Trippett Industries manufactures cleaning products. During the year, the company spent $613,000 on chemicals and $770,000 on conversion costs. Overhead is applied at a rate of 175% of direct labor costs. How much did the company spend on manufacturing overhead during the year?
$490,000.
$157,000.
$280,000.
$440,000.
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