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Required: 1. Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours. 2. Calculate the Over/Underapplied Overhead. 3. Create a journal entry

Required: 1. Determine the Predetermined Overhead Rate if the Cost Driver is Direct Labor Hours. 2. Calculate the Over/Underapplied Overhead. 3. Create a journal entry to dispose of the Over/Underapplied Overhead. 4. Repeat steps 1-3, but with Machine Hours as the Cost Driver

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