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Farrar Corp applies overhead based on direct labor costs. For the current year, Farrar Corp estimated total overhead costs to be $420,000, and direct labor

Farrar Corp applies overhead based on direct labor costs. For the current year, Farrar Corp estimated total overhead costs to be $420,000, and direct labor costs to be $2,100,000. Actual overhead costs for the year totaled $395,000, and actual direct labor costs totaled $1,850,000. At year-end, Factory Overhead isimage text in transcribed

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