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Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $460,000, and direct labor
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $460,000, and direct labor costs to be $2,300,000. Actual overhead costs for the year totaled $425,000, and actual direct labor costs totaled $1,950,000. At year-end, Factory Overhead is:
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