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Please Help Mountain Tops applies overhead on the basis of direct labor hours and reports the following information: Budget Actual Overhead $450,000 $452,500 Direct labor

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Mountain Tops applies overhead on the basis of direct labor hours and reports the following information: Budget Actual Overhead $450,000 $452,500 Direct labor hours 75,500 77,000 Direct materials $195,000 Direct labor $333,865 What is the predetermined overhead rate? How much overhead was applied during the year? Was overhead overapplied or underapplied, and by what amount

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