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View Policies Current Attempt in Progress Concord provided the following information from its accounting records for 2022: Expected production 33400 labour hours Actual production 31400 labour hours Budgeted overhead $1670000 Actual overhead $1620000 How much is the overhead application rate if Concord bases the rate on direct labour hours? O $53.18 per direct labour hour O $50.00 per direct labour hour O $48.50 per direct labour hour O $51.59 per direct labour hour Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 20% score reduction after attempt 1