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45 A company allocates overhead at a rate of 155% of direct labor cost. Actual overhead cost for the current period is $1,130,000, and

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45 A company allocates overhead at a rate of 155% of direct labor cost. Actual overhead cost for the current period is $1,130,000, and direct labor cost is $595,000. Determine whether there is over- or underapplied overhead using the T-account below. Actual overhead Actual overhead Direct labor cost Estimated overhead Overapplied overhead Factory Overhead

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