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In December 2010, Judith established its predetermined overhead rate for a product during 2011 by using the following cost predictions:overhead costs $1,800,000, and direct labor
In December 2010, Judith established its predetermined overhead rate for a product during 2011 by using the following cost predictions:overhead costs $1,800,000, and direct labor costs, $450,000.At year end 2011, the company's records show that actual overhead costs for the year are $1,770,000.Actual direct labor cost had been assigned to jobs as follows:
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