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KLM Company provided the following information from its accounting records for 2024: Estimated production 9,000 labor hours Actual production 10,000 labor hours Estimated overhead $90,000
KLM Company provided the following information from its accounting records for 2024: Estimated production 9,000 labor hours Actual production 10,000 labor hours Estimated overhead $90,000 Actual overhead $94,000 What is the amount of overhead over/under applied to the jobs during the year? KLM Company provided the following information from its accounting records for 2024: Estimated production 9,000 labor hours Actual production 10,000 labor hours Estimated overhead $90,000 Actual overhead $94,000 What is the amount of overhead over/under applied to the jobs during the year? None $6,000 overapplied $4,000 underapplied $13,333 overapplied $6,000 underapplied
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