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Canfield Construction applies overhead to its projects at a rate of $88 per direct labor hour. Laborers are paid an average rate of $40 per hour. The Jefferson Apartments project was charged a total of $3,200,000 in direct materials and $680,000 in direct labor costs.

Overhead applied to the Jefferson Apartments project amounted to:

$680,000.

$2,520,000.

$1,496,000.

Some other amount.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92166080

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