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Estimated overhead and direct labor costs for the year were $112,500 and $124,900, respectively. During the year, actual overhead was $107,300 and actual direct labor
Estimated overhead and direct labor costs for the year were $112,500 and $124,900, respectively. During the year, actual overhead was $107,300 and actual direct labor cost was $120,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include
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