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Question 11 9 pts Twice on Sundays Enterprises uses a predetermined overhead rate to apply overhead and uses direct labor costs as its allocation base.

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Question 11 9 pts Twice on Sundays Enterprises uses a predetermined overhead rate to apply overhead and uses direct labor costs as its allocation base. Estimated overhead costs for the period are $600,000, estimated direct labor hours are 100,000, estimated direct labor costs are $750,000. Actual direct labor costs are $800,000, and actual overhead is $610,000. Over or underapplied overhead is allocated to Cost of Goods Sold. Using the above information, answer the following questions: A) To calculate the rate of predetermined overhead, what formula should the company use? [Select] B) How much overhead is initially applied to the Work-in-Process Inventory account? [ Select] C) Cost of Goods Manufactured is $1.500,000. The Finished Goods Inventory account has a beginning balance of $100,000 and an ending balance of $120.000. What is Cost of Goods Sold? Select]

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