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Waterway Accounting Services estimates for next year revenues of $ 2 7 9 0 0 0 0 , direct labor of $ 7 1 6

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Waterway Accounting Services estimates for next year revenues of $2790000,
direct labor of $716000, and overhead of $1074000. Under traditional costing,
overhead is applied to audit jobs using the rate of
38% of revenues.
64% of direct labor.
26% of revenues.
150% of direct labor.
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