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For Dene Company, the predetermined overhead rate is 141% of direct labour cost. During the month, Dene incurred $103,000 of factory labour costs, of which
For Dene Company, the predetermined overhead rate is 141% of direct labour cost. During the month, Dene incurred $103,000 of factory labour costs, of which $80,000 is direct labour and $23,000 is indirect labour. Actual overhead incurred was $105,000. Determine the amount of under- or over-applied manufacturing overhead
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