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Is there a formula or explanation to learning this question? A manufacturing company budgeted for 1240000 in manufacturing overhead and expected 400000 direct labor hours.

Is there a formula or explanation to learning this question?

A manufacturing company budgeted for 1240000 in manufacturing overhead and expected 400000directlabor hours. Actual overhead was 1200000 andactualdirect labor hours were 930000. Was manufacturing overhead over- or underapplied and by how much?

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