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A company used a predetermined overhead rate of $17.50 per direct labor hour to assign manufacturing overhead to products. Actual overhead incurred was $415,000 and
A company used a predetermined overhead rate of $17.50 per direct labor hour to assign manufacturing overhead to products. Actual overhead incurred was $415,000 and actual labor hours were 21.000. To dispose of overapplied or underapplied overhead, the Cost of Goods Sold account should be: Reduced by $47.500. O Increased by $65.000 Reduced by $65,000. Increased by $47,500
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