A company applies overhead based on labor costs. The company has estimated overhead of $150,000...
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Accounting
A company applies overhead based on labor costs. The company has estimated overhead of $150,000 and estimated total labor costs of $50,000 for the coming year. At the end of the year, actual overhead was $155,000 and actual labor costs were $55,000. Was overhead overapplied or underapplied
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