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What was the under- or overapplied overhead for the year

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Question: During the year just completed, Paul Company used a predetermined overhead rate of $3.50 per direct labour hour, based on an estimate of 22,000 direct labour hours to be worked during the year. Actual overhead cost and activity during the year were:

Actual manufacturing overhead cost incurred $90,000

Actual direct labour hours worked 25,000

What was the under- or overapplied overhead for the year?

Reference no: EM132741761

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