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Plz write in the format ! 12 (of 20) Osborn Manufacturing uses a predetermined overhead rate of $18.30 per direct labor-hour. This pre for an

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12 (of 20) Osborn Manufacturing uses a predetermined overhead rate of $18.30 per direct labor-hour. This pre for an estimated activity level of 12.100 direct labor-hours ed rate was based on a cost formula that estimates $221,430 of total manufacturing overhead The company incurred actual total manufacturing overhead costs of $217,000 and 11,600 total direct labor-hours during the period Required: 1. Determine the amount of underapplied or overapplied manufacturing overhead for the period by goods sold, what would be the effect of the underapplied or overapplied overhead on the company's gross margin for the period? 2. Assuming that the entire amount of the underapplied or overapplied overhead is closed out to cost of The gross margin would

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