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Aango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $480,000, and direct labor
Aango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $480,000, and direct labor costs to be $240,000. Actual overhead costs for the year totaled $501,000, and actual direct labor costs totaled $269,000. At year-end, the balance In the Factory Overhead account Is a: Multiple Choice $269,000 Debit balance. $538,000 Credit balance. $37,000 Credit balance. $501,000 Deblt balance. $37,000 Deblt balance
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