Two projects of equal value have been evaluated using a multifactor productivity measure that combined labor-hours at
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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 for the first project. 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?
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