Apex company uses a preterdermined overhead rate based on, Ask an Expert

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Apex company uses a preterdermined overhead rate based on direct labor hours. The company estimated that it would have 31,000 direct labor hours and $580,320 of estomated total manufacturing overhead. The company actually incurred $579,625 in overhead and had 31,630 direct labor hours duuring the period. 1) Determine the amount of overapplied or underapplied overhead for the period.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9979639

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