The following budget data are available for Oldest Company: Estimated direct labor hours 12,000 Estimated direct dollars $90,000 Estimated factory overhead costs $179,000 If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is

A) $2.57
B) $.51
C) $.067
D) $14.92

D

Business

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Under which of the following categories would bonds held as an investment for more than a year appear?

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