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During 2017, Coronado Industries expected Job no. 59 to cost $200000 of overhead, $550000 of materials, and $100000 in labor. Coronado applied overhead based on
During 2017, Coronado Industries expected Job no. 59 to cost $200000 of overhead, $550000 of materials, and $100000 in labor. Coronado applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $600000 in materials used, and $310000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead? $425000 underapplied $5000 overapplied $425000 overapplied $5000 underapplied
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