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The following dashboard shows a manufacturers estimated and actual costs for the year. Compute the total estimated overhead cost. Compute the predetermined overhead rate as

The following dashboard shows a manufacturers estimated and actual costs for the year.

Compute the total estimated overhead cost.

Compute the predetermined overhead rate as a percentage of estimated direct labor cost.

Compute the total amount of applied overhead for the year.

Compute the total amount of actual overhead for the year.

Prepare the journal entry to close under- or overapplied overhead at year-end.

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