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New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $20 per direct-labor hour. The
New Age Electronics manufactures surround sound systems and applies manufacturing costs to production at a budgeted indirect-cost rate of $20 per direct-labor hour. The following data are obtained from the accounting records for August 2019: Direct materials Direct labor (7,000 hours @ $15/hour) Indirect labor $350,000 $105,000 $ 25,000 $ 75,000 Depreciation on plant and equipment Marketing expense $ 50,000 $ 20,000 $ 20,000 Plant lease Plant utilities What actual amount of manufacturing overhead cost was incurred during August 2019?
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