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The following information was gathered for the Parzone Corporation for the most recent yea

The following information was gathered for the Parzone Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours.

Estimated direct labor hours

         64,000

Actual direct labor hours

         70,000

Estimated manufacturing overhead costs

$1,216,000

Actual manufacturing overhead costs

$1,275,000

Compute:

A) Predetermined manufacturing overhead rate

B) Manufacturing overhead allocated for the year

C) Amount of over/underallocated overhead at the end of the year

Dec 07 2019 Read more Less More

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