Before the period begins, a firm budgets the following. Budgeted overhead costs: $10,085 Budgeted direct labor hours:

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Before the period begins, a firm budgets the following.

Budgeted overhead costs: $10,085

Budgeted direct labor hours: 1,078

After the period is over, a firm has incurred the following.

Actual overhead costs: $12,385

Actual direct labor hours: 1,045

The firm uses direct labor hours as the cost driver. Before closing out the Overhead Control account, what is the balance of that account (disregard the question of whether that balance is a debit or credit)?

NOTES: Numeric answer only: do not include a dollar sign or any other unit label. Calculate answer to two decimal places.

Posted Date: May 31, 2024 02:03 AM

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Before the period begins, a firm budgets the following. Budgeted overhead costs: $10,085 Budgeted direct labor hours:

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