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Question 22 Peoples Manufacturing provided the following information from its accounting records for 2018 Estimated production 40,000 labor hours Actual production 41.000 labor hours Budgeted

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Question 22 Peoples Manufacturing provided the following information from its accounting records for 2018 Estimated production 40,000 labor hours Actual production 41.000 labor hours Budgeted overhead $900,000 Actual overhead $910,000 Instructions: Compute the predetermined overhead rate Compute the applied overhead Was the overhead under or overapplied By how much

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