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Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Assuming that direct labor cost is the basis for

image text in transcribed Calculate and Use Overhead Rate Selected data for the consulting department of Austin Consulting, Inc., follow: Assuming that direct labor cost is the basis for applying consulting overhead, a. Calculate the predetermined overhead rate. % b. Prepare a journal entry that applies consulting overhead for January. c. By what amount is consulting overhead over- or underapplied in January? Consulting overhead was by $ in January. Please answer all parts of the

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