Sanchez Consulting applies overhead to consulting projects based on the direct labor hours charged by...
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Accounting
Sanchez Consulting applies overhead to consulting projects based on the direct labor hours charged by employees to each job. Selected data for the firm follow: Budgeted overhead for the year $150,000 Budgeted direct labor cost for the year (@ $25/hour) 375,000 Actual overhead for November 10,000 Actual direct labor cost for November (1,100 hours) 28,000 What is the amount of over- or underapplied overhead for the month of November
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