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7 @ A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs
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@ A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $225,575 and direct labor hours would be 45,115. Actual factory overhead costs incurred were $256,992, and actual direct labor hours were 53,540. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year? Oa. $10,708 underapplied Ob. $42,125 underapplied Oc. $267,700 overapplied Od. $10,708 overappliedStep by Step Solution
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