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Calculate the balance in the factory overhead account

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Question - Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $448,000, and direct labor costs to be $2,240,000. Actual overhead costs for the year totaled $416,000, and actual direct labor costs totaled $1,920,000. At year-end, calculate the balance in the Factory Overhead account?

Reference no: EM132515251

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