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A company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, estimated manufacturing overhead cost was $300,000 based on an estimated activity level of 100,000 direct labor-hours. Actual overhead amounted to $325,000 with actual direct labor-hours totaling 110,000 for the year. How much was the overapplied or underapplied overhead?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M985229

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