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Question 1: Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 60,750 actual direct labor-hours and incurred $542,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 61,900 direct labor-hours during the year and incur $458,060 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was?
Financial Statement Analysis and Preparation
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