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Question: qs 1511 entry for over or underapplied overhead lo p4...

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Qs 15-11 Entry for over- or underapplied overhead LO P4 A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950000, and direct labor cost is $600,000. Determine whether there is over-or underapplied overhead using the Taccount below. 3 Answer is not complete. 950,000900 000 Overhead applied Factory Overhead overhead Underapplied overhead 50,000
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