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Hill Mfg. provided the following information from its accounting records for 2008: Expected production 30,000 labor hours Actual production 28,000 labor hours Budgeted overhead $900,000 Actual overhead $870,000 How much is the overhead application rate if Hill bases the rate on direct labor hours? a. $31.07 per hour b. $30.00 per hour c. $29.00 per hour d. $28.00 per hour
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