ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Bradley Industries applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $245,000 and 7,000 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,500, and actual direct labor-hours were 6,950. The applied manufacturing overhead for the year was closest to __.
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