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Swan company predetermined overhead rate is 144% of direct labour cost. During the month, swan incurred $100,000 of factory labour costs, of which $77400 is
Swan company predetermined overhead rate is 144% of direct labour cost. During the month, swan incurred $100,000 of factory labour costs, of which $77400 is direct labour and $30000 is indirect labour. Actual overhead incurred was $130000
a) Calculate the amount of manufacturing overhead applied during the month.
b) Determine the amount of under- or over-applied manufacturing overhead.
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