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Linwood Company produces sheds for customers. Linwood uses a job order cost accounting system, applying overhead on the basis of direct labor hours. It projected its overhead to be $270,000 and projected direct labor hours to be 30,000. At the end of the year, its actual overhead costs were $291,000 and actual direct labor hours were 28,000 hours.
Question a. Calculate the predetermined overhead rate
Question b. Calculate total overhead applied to jobs
Question c. Calculate under/overapplied overhead
Question d. Was it underapplied or overapplied?
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