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For Adams Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $58,000 of factory labor costs are incurred, of which
For Adams Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $58,000 of factory labor costs are incurred, of which $12,000 is indirect labor. Actual overhead incurred was $36,500. What amount of overhead should be debited to the Work in Process Inventory account?
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