A company allocates overhead at a rate of 160 of direct labor cost Actual overhead cost for the current period is $1,060,000, and direct labor cost is $560,000 Determine whether there is over or underapplied overhead using the T account below Factory Overhead 1,060,000 896,000 Overapplied overhead Actual overhead 164,000 Actual overhead Direct labor cost Estimated overhead Overapplied overhead Note Enter debits before credits Transaction General Journal Debit Credit 1 Accounts payable Record entry Clear entry View general journal II Note Accounts payable Accounts receivable Common stock Cost of goods sold journ Record ent View general journal

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A company allocates overhead at a rate of 160  of direct labor cost  Actual overhead cost for the current period is $1,060,000, and direct labor cost is $560,000  Determine whether there is over  or underapplied overhead using the T account below  Factory Overhead 1,060,000 896,000 Overapplied overhead Actual overhead 164,000 Actual overhead Direct labor cost Estimated overhead Overapplied overhead Note  Enter debits before credits  Transaction General Journal Debit Credit 1 Accounts payable Record entry Clear entry View general journal II Note   Accounts payable Accounts receivable Common stock Cost of goods sold   journ Record ent View general journal

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A company allocates overhead at a rate of 160% of direct labor cost. Actual overhead cost for the current period is $1,060,000, and direct labor

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