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Nexus Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing...

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Accounting

Nexus Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,946,200 and its estimated level of activity was 52,600 direct labor-hours. The company's direct labor wage rate is $12 per hour. Actual manufacturing overhead amounted to $3,072,000, with actual direct labor cost of $1,020,000. For the year, manufacturing overhead was:

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