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Seven Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $44.000 and direct
Seven Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $44.000 and direct labor costs to be $2,240,000. Actual overhead costs for the year totaled $416,000, and actual direct labor costs totaled $1.920.000 A year-end, Factory Overhead is: Multiple Choice Overapplied by $32,000. Underapplied by $32,000. O Neither overapplied nor underapplied. Overapplied by $208,000. Overapplied by $64,000
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