Evaluated using a multifactor productivity measure

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Reference no: EM131480201

Two projects of equal value have been evaluated using a multifactor productivity measure that combined labor-hours at $30 per hour and overhead expense calculated as 20% of labor expense. The two projects were judged to have been equally productive, although the first project used twice as many labor-hours. At what rate was overhead expense being charged to the second project?

Reference no: EM131480201

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