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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of...

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Accounting

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $446,350 and direct labor hours would be 44,635. Actual factory overhead costs incurred were $559,795, and actual direct labor hours were 54,349. What is the amount of over applied or under applied manufacturing overhead at the end of the year?

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