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The following information is from the accounting records of XYZ Company. Product 1 Direct Material Cost $110,000 Direct Labor Cost $200,000 Direct Labor Hours
The following information is from the accounting records of XYZ Company. Product 1 Direct Material Cost $110,000 Direct Labor Cost $200,000 Direct Labor Hours 4,600 hours Product 2 $115,000 $210,000 5,200 hours Product $120,000 $220,000 5,400 hours Factory overhead is estimated to be $693,000 and is applied on a basis of direct labor dollars. Required: Compute the amount of factory overhead allocated to each of the three products. YOU MUST SHOW YOUR WORK TO EARN CREDIT!
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