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The following information was gathered for Jasmine Company for the year ended December 31, 2010

Budgeted: Actual:
direct labor hours: 75,000dlh 80,000dlh
factory overhead: 600,000 625,000

Assume that direct labor-hours are the cost-allocation base.

Required:

a. Compute the budgeted factory overhead rate

b. Compute the factory overhead applied

c. Compute the amount of over/underapplied overhead

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Category:- Accounting Basics
Reference No.:- M9688762

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