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please fill in the chart A company applies overhead at a rate of 190% of direct labor cost. Actual overhead cost for the current period
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A company applies overhead at a rate of 190% of direct labor cost. Actual overhead cost for the current period is $1,186,000, and direct labor cost is $615,000. 1. Compute the under- or overapplied overhead. 2. Prepare the joumal entry to close over-or underapplied overhead to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Compute the under-or overapplied overhead. Prepare the journal entry to close over-or underapplied overhead to Cost of Goods Sold. Journal entry worksheet Record the entry to close over-or underapplied overhead. Note: Enter debits before credits Step by Step Solution
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