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A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $823,000, and direct

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A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $823,000, and direct labor cost is $500,000, Determine whether there is over- or underapplied overhead using the T-account below. Factory Overhead

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