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ABC Company applies overhead at the rest of 150% of direct labor. During the entire period, they incur, $800,000 of actual overhead costs and $500,000

ABC Company applies overhead at the rest of 150% of direct labor. During the entire period, they incur, $800,000 of actual overhead costs and $500,000 of direct labor costs. How do they account for the discrepancy between applied overhead and actual overhead?

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