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Determine the overhead variance

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Question - A predetermined overhead rate of $8 per direct labor hour to apply overhead was calculated by L Company. During the year, 40,000 direct labor hours were worked. Actual overhead costs for the year were $340,000. Determine the overhead variance?

a. $34,000 overapplied

b. $32,000 overapplied

c. $32,000 underapplied

d. $20,000 underapplied

Reference no: EM133115220

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