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At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the...

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Accounting

At the beginning of the year, Custom Manufacturing set its predetermined overhead rate using the following estimates: overhead costs, $840,000, and direct materials costs, $600,000.At year-end, the company reports that actual overhead costs for the year are $848,800 and actual direct materials costs for the year are $600,000. Determine the predetermined overhead rate using estimated direct materials costs Enter the actual overhead costs incurred and the amount of overhead cost applied to jobs during the ye

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