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Union Company uses a standard cost accounting system. The following overhead costs and production data are available for August:

Standard fixed overhead rate $1.00 per hour
Standard variable overhead rate $4.00 per hour
Denominator activity 40,000 hours
Actual hours 39,500 hours
Standard hours allowed for output 39,000 hours
Overapplied overhead $2,000

what would be the total amount of overhead applied to work in process for August ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968727

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