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Business, 12.03.2020 03:05 Ariannamorales22

Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the Corporation for the current year: Direct labor-hours: Estimated for the year 24,000 Actual hours worked 19,500 Direct labor cost: Estimated for the year $300,000 Actual cost incurred $210,000 Manufacturing overhead: Estimated for the year $240,000 Actual cost incurred $185,000 The manufacturing overhead cost for the current year will be: $17.000 over applied $17.000 under applied $55,000 over applied $55.000 under applied

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