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Kayak Company uses a job order costing system and allocates its overhead on the basis...

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Accounting

Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $29,000; direct materials, $49,000; and factory overhead applied $5,900. The predetermined overhead rate was: Multiple Choice

12.04%.

20.34%.

491.53%.

4.92%.

16.90%.

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