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Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system

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Predetermined Overhead Rate; Disposition of Underapplied or Overapplied Overhead Luzadis Company makes furniture using the latest automated technology. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year

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