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Bakker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $83,970 and 2,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $85,720 and actual direct labor-hours were 2,600. The applied manufacturing overhead for the year was closest to:
Financial Statement Analysis and Preparation
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