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Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct labor
Carey Company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct labor costs are summarized here: |
Estimated | Actual | |||
Direct labor cost | $ | 600,000 | $ | 550,000 |
Manufacturing overhead | 900,000 | 850,000 | ||
1. | Determine how much overhead to apply to production. Applied Manufacturing Overhead = ______________
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