QS 15-11 Entry for over- or underapplied overhead LO P4 A company allocates overhead at...

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QS 15-11 Entry for over- or underapplied overhead LO P4 A company allocates overhead at a rate of 155% of direct labor cost. Actual overhead cost for the current period is $1130.000, and direct labor cost is $550,000 Determine whether there is over- or underapplied overhead using the T-account below. Factory Overhead

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