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What is the credit to overhead control to close the account

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Reference no: EM132719337

Total manufacturing-related costs incurred for ABCompany in August for all jobs is as follows:

Problem 1: Assuming this company uses a normal costing system and applies overhead based on a predetermined rate, what is the credit to Overhead Control to close the account at the end of the year?

Direct materials $ 900

Insurance-factory building 150

Direct labor 1,200

Property taxes-factory building 400

Other factory overhead costs 1,450

Factory overhead applied 1,650

Reference no: EM132719337

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