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Welch Company uses a predetermined overhead rate to apply overhead. At the beginning of the year, Welch estimated its overhead costs at $240,000, direct labor
Welch Company uses a predetermined overhead rate to apply overhead. At the beginning of the year, Welch estimated its overhead costs at $240,000, direct labor hours at 40,000, and machine hours at 10,000.Actual overhead costs incurred were $249,280, actual direct labor hours were 41,000, and actual machine hours were 11,000.
If the predetermined overhead rate is based on labor hours, what is the total amount applied to the plantwide overhead account for the year for Welch?
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