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QUESTION 9 The following information was gathered for the Buckley Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours. Estimated

QUESTION 9

  1. The following information was gathered for the Buckley Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours.
    Estimated direct labor hours 54,000
    Actual direct labor hours 57,000
    Estimated manufacturing overhead costs $ 729,000
    Actual manufacturing overhead costs $ 685,000
    What is the amount of overallocated or underallocated overhead for the year?

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