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Your Corporation's POR was $30 per direct labor hours. Last year, the company's estimated manufacturing overhead was $1,500,000 and its estimated level of activity was

Your Corporation's POR was $30 per direct labor hours. Last year, the company's estimated manufacturing overhead was $1,500,000 and its estimated level of activity was 50,000 direct labor-hours. Actual manufacturing overhead amounted to $1,530,000, and actual direct labor hours were 48,000.

By how much was manufacturing overhead overapplied or underapplied?

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