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(10 Points) Harrison Chemicals applies overhead to jobs using an overhead rate of 50.90 per dollar of direct labor costs. In July, Direct labor
(10 Points) Harrison Chemicals applies overhead to jobs using an overhead rate of 50.90 per dollar of direct labor costs. In July, Direct labor cost was $62,000. Actual manufacturing overhead In July was $54,000. How is the account "Manufacturing Overhead" to be closed for the month of July if an Imbalance is assumed to be small?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
