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Business, 13.02.2020 23:29 deepunalli300p3ur3i

Walker Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead and labor for the years as follows:
Actual manufacturing overhead $163,800
Estimated manufacturing overhead $158,600
Direct labor incurred 2,500 hours @ $22 = $55,000
Direct labor estimated 2,600 hours @ $21 = $54,600
How much is over or underapplied overhead at year end?

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