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How would you calculate direct labor cost charged for the year in cost accounting? Question:Welch Corporation uses a predetermined overhead application rate of $.30 per
How would you calculate direct labor cost charged for the year in cost accounting?
Question:Welch Corporation uses a predetermined overhead application rate of $.30 per direct labor hour. During the year it incurred $345,000 dollars of actual overhead, but it planned to incur $360,000 of overhead. The company applied $363,000 of overhead during the year. How many direct labor hours did the company plan to incur?
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