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Well Company calculates overhead on the basis of direct labor costs. Estimated overhead is $300,000 and estimated direct labor is $200,000. If actual direct labor
Well Company calculates overhead on the basis of direct labor costs. Estimated overhead is $300,000 and estimated direct labor is $200,000. If actual direct labor was $215,000 and actual overhead was $325,000, how much overhead was applied? Show your calculations for predetermined overhead rate and applied overhead.
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