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For Guapo Ltd., the predetermined overhead rate is 70% of direct labor cost. During the month, $870,000 of factory labor costs are incurred of which
For Guapo Ltd., the predetermined overhead rate is 70% of direct labor cost. During the month, $870,000 of factory labor costs are incurred of which $70,000 is indirect labor. Actual overhead incurred was $270,000. The amount of overhead debited to Work in Process Inventory should be: $511,000 $560,000 $270,000 $730,000 $800,000
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