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Company X presented the following information: Estimated manufacturing overhea...
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Company X presented the following information:
- Estimated manufacturing overhead costs = $2380000
- Estimated direct labor hours = 340000
- Estimated direct labor cost = $520000
- Actual direct labor hours = 351945
- Actual manufacturing overhead costs = $2357000
Manufacturing overhead is allocated on the basis of direct labor hours. Compute the amount of over allocated or under allocated overhead costs (OH).
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