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Clemens company applies overhead based on Direct labor cost estimated overhead and direct labor costs for the year were $110,500 and $124,000 respectively during the

Clemens company applies overhead based on Direct labor cost estimated overhead and direct labor costs for the year were $110,500 and $124,000 respectively during the year actual overhead was $106,400 and actual direct labor cost was $120,000 the entry to close the over or underapplied overhead at year-end assuming an inmaterial amount would include

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