A company's manufacturing accounting system applies overhead based on direct labor cost.The company's manufacturing costs for the current year were: direct labor,$57,600; direct materials,$76,800; and factory overhead,$9,600.Calculate the company's overhead allocation rate.

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The Answer of A company's manufacturing accounting system applies overhead based on direct labor cost.The company's manufacturing costs for the current year were: direct labor,$57,600; direct materials,$76,800; and factory overhead,$9,600.Calculate the company's overhead allocation rate.

A Company's Manufacturing Accounting System Applies Overhead Based on Direct