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Q3. The SoMax Partnership uses direct labor hours as the basis for applying overhead to products. Estimated manufacturing overhead costs for 2022 are $200,000,
Q3. The SoMax Partnership uses direct labor hours as the basis for applying overhead to products. Estimated manufacturing overhead costs for 2022 are $200,000, and estimated direct labor hours for the year are 32,000 hours. During 2022, 36,400 actual direct labor hours were worked and the Manufacturing Overhead Control account had a year-end balance of $256,200. a. Compute the manufacturing overhead rate for 2022. b. Compute the amount of applied manufacturing overhead for 2022. c. Compute the amount of underapplied or overapplied overhead for the year. d. Compute the actual overhead cost per direct labor hour.
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