At the end of this year, Compumatics had complied a total of 89,920 labor hours worked. The
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At the end of this year, Compumatics had complied a total of 89,920 labor hours worked. The actual overhead incurred was $1,143,400.
1. Using the overhead rate computed in E 14, determine the total amount of overhead applied to operations during the year.
2. Compute the amount of over-applied overhead for the year.
3. Will the cost of Goods sold account be increased or decreased to correct the over-application of overhead?
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