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PLEASE HELP A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and

PLEASE HELP

A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and direct labor cost is $600,000.

Determine whether there is over- or underapplied overhead using the T-account below.
image text in transcribed
Factory Overhead 950,000 900,000 Overhead applied Actual overhead 50,000

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