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Submit TB MC Qu. 6-84 (Algo) Ashland Corporation estimates its manufacturing... Ashland Corporation estimates its manufacturing overhead costs to be $220,000 and its direct labor

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Submit TB MC Qu. 6-84 (Algo) Ashland Corporation estimates its manufacturing... Ashland Corporation estimates its manufacturing overhead costs to be $220,000 and its direct labor costs to be $344,000 for 2020. The actual manufacturing labor costs were $92,000 for Product 1, $138,000 for Product 2 and $172,000 for Product 3 during 2020. Manufacturing overhead is allocated to products on the basis of direct labor costs using a predetermined overhead rate. The actual manufacturing overhead cost for the year was $184,000. The amount of overhead assigned to Product 3 during 2020 was: Multiple Choice $110.000 cannon oints) Saved Help Save & Exit Submit Multiple Choice $110,000 $440,000 $220,000. $97,600.

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