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Will the accounts be increased or decreased to adjust

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A company applies manufacturing overhead costs to products based on direct labor hours. The annual estimated manufacturing overhead is $290,000 and estimated direct labor hours is 20,000. The actual annual overhead and actual direct labor hours is $360,000 and 26,000 hours.

Question 1: Figure out if overhead is over or underapplied and compute.

Question 2: Which accounts will be affected by the over or underapplied manufacturing overhead?

Question 3: Will the accounts be increased or decreased to adjust the manufacturing overhead?

Reference no: EM132501154

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