XYZ Company applies overhead to jobs using direct labor cost as an activity. For the...
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Accounting
XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was $600,000 based on an expected 50,000 direct labor hours to be worked, with direct laborers expected to be paid $6 per hour. For the current year, actual overhead costs totaled $620,000 and actual direct labor cost totaled $325,000. For the year, overhead was:
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