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LO Saved Help Save & Exit Su Check my we Verizox Company uses a job...

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Accounting

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LO Saved Help Save & Exit Su Check my we Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $184,140. Estimated direct labor cost was $457,560 for 18,600 hours Actual costs for the most recent month are summarized here: Item Description Total Cost Direct labor (1,868 hours) $45,757 Indirect costs Indirect labor 2,440 Indirect materials 3,360 Factory rent 3,370 Factory supervision 4,810 Factory depreciation 5,660 Factory janitorial work 1,250 Factory insurance 1,790 General and administrative salaries 4,138 Selling expenses 5,300 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead

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