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Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. Canoe Company's production costs for...

Company uses a job order cost accounting system and allocates its overhead on the basis of direct labor costs. Canoe Company's production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied, $6,000. The overhead application rate was: 
 

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