Ahmed Company has a predetermined overhead rate of 90% of direct labor cost. During May, Ahmed...

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Ahmed Company has a predetermined overhead rate of 90% of direct labor cost. During May, Ahmed incurred $62,000 of factory labor costs, of which $60,000 is direct labor and $2,000 is indirect. Actual overhead incurred was $55,000. Input the correct answer in each answer space. Manufacturing overhead applied during May $ Amount of under- or overapplied overhead $ Under or overapplied? select SUBMIT Ahmed Company has a predetermined overhead rate of 90% of direct labor cost. During May, Ahmed incurred $62,000 of factory labor costs, of which $60,000 is direct labor and $2,000 is indirect. Actual overhead incurred was $55,000. Input the correct answer in each answer space. Manufacturing overhead applied during May $ Amount of under- or overapplied overhead $ Under or overapplied? select SUBMIT