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Ax Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $88,000; Direct labor $54,000; Electricity used in

Ax Company produces metal belts. During the current month, the company incurred the following product costs:

Raw materials $88,000;

Direct labor $54,000;

Electricity used in the Factory $24,000;

Factory foreperson salary $3,700; and

Maintenance of factory machinery $2,200.

Ax Company's manufacturing overhead costs totaled:

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