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Problem 1: During the year ended 2014, Woodworks Company incurred actual overhead of P 700,000 and P 150,000 direct labor hours. Predetermined overhead rate per direct labor hour was P6.00. How much is the total applied overhead for the year?
Option 1: P 200,000
Option 2: P 700,000
Option 3: P 900,000
Option 4: None of the above
Bob Smith borrowed $200,000 on January 1, 2015. What is the amount of the five annual deposits that Bob needs to make
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