Union Company uses a standard cost accounting system. The following factory overhead costs and production data are available for August 19X1: nmu8

A process cost accumulation system is used to accumulate costs.
Required:
Compute the applied factory overhead for August 19X1.

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Standard fixed factory overhead rate per direct labor hour Standard variable factory overhead rate per direct labor hour. Budgeted monthly direct labor hours... Actual direct labor hours worked.. Standard direct labor hours allowed for actual production Overall factory overhead variance-favorable... $1.00 $4.00 40,000 39,500 39,000 $2,000