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Total Cost Formula Davis Company has analyzed its overhead costs and derived a general formula...

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Accounting

Total Cost Formula Davis Company has analyzed its overhead costs and derived a general formula for their behavior: $65,000 + $16 per direct labor hour employed. The company expects to use 80,000 direct labor hours during the next accounting period. What overhead rate per direct labor hour should be applied to jobs worked during the period? Round answer to two decimal places. Overhead rate per direct labor hour $

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