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Dragons Fabricators estimated $740,000 in manufacturing overhead, 60,000 direct labor hours, and 82,000 machine hours at the beginning of the year. Actual manufacturing overhead at year-end was $495,000. During the year, the company incurred 34,000 direct labor hours and 77,000 machine hours. If overhead is applied based on direct labor hours, how much overhead was applied during the year?

Dragons Fabricators estimated $740,000 in manufacturing overhead, 60,000 direct labor hours, and 82,000 machine hours at the beginning of the year. Actual manufacturing overhead at year-end was $495,000. During the year, the company incurred 34,000 direct labor hours and 77,000 machine hours. If overhead is applied based on direct labor hours, how much overhead was applied during the year?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 3EB: A company estimated 50,000 direct labor hours and $450,000 in overhead. The actual overhead was...
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Dragons Fabricators estimated $740,000 in manufacturing overhead, 60,000 direct labor hours, and 82,000 machine hours at the beginning of the year. Actual manufacturing overhead at year-end was $495,000. During the year, the company incurred 34,000 direct labor hours and 77,000 machine hours. If overhead is applied based on direct labor hours, how much overhead was applied during the year?

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