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Question - Estimated consulting overhead cost for the year $360,000
Estimated direct labor cost for the year (@ $9/hr.) 180,000
Actual manufacturing overhead cost for January 19,500
Actual direct labor cost for January (1,200 hours) 11,000
Required -
a. Calculate the predetermined overhead rate.
b. What is the journal entry that applies consulting overhead for January?
c. By what amount is consulting overhead over- or underapplied in January?
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