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Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $104,720 and 3,400 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $106,520 and actual direct labor-hours were 3,200.

The overhead for the year was:

$6,160 overapplied

$6,160 underapplied

$7,960 underapplied

$7,960 overapplied

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92017831

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