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Q 15.23:A predetermined overhead rate of 70% of direct labor cost means
A : manufacturing overhead is expected to be 70% of the total cost of the product.
B : total direct labor cost is expected to be 70% of total manufacturing overhead.
C : that for every dollar of direct labor, a company will apply $.70 of manufacturing overhead.
D : that for every $.70 of direct labor, a company will apply $1.00 of manufacturing overhead.
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