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Question 6 Concord provided the following information from its accounting records for 2020: 29300 labour hours 28600 labour hours Expected production Actual production Budgeted overhead Actual overhead $1418120 $1368120 How much is the overhead application rate if Concord bases the rate on direct labour hours? $47.84 per direct labour hour $46.69 per direct labour hour $48.40 per direct labour hour $49.58 per direct labour hour Question 7 The following information is available for completed Job No. 402: Direct materials, $75000; direct labour, $129000; manufacturing overhead applied, $56000; units produced, 4000 units; units sold, 3000 units. The cost of the finished goods on hand from this job is $65000. $260000. $54000. $195000