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The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 2, Problem 3CT
Summary Introduction
Case Summary: Forum’s power to decide question of fact and law.
To Find: The binding court on the question of fact and question of law.
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Walker Manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,800,000, and its estimated level of activity was 60,000 direct labor-hours. The company's direct labor wage rate is $15 per hour. Actual manufacturing overhead amounted to $1,720,000, with actual direct labor cost of $930,000. For the year, manufacturing overhead was_.
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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