For year 1 Alvise Enterprise estimated total overhead to be $920,000 for the year with 40,000 machine
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For year 1 Alvise Enterprise estimated total overhead to be $920,000 for the year with 40,000 machine hours. In October the company accumulated the following:
5,000 machine hours used
Bought $110,000 of direct materials;
Used $92,000 of direct materials
Incurred $200,000 of direct labor
How much was added to Alvise Enterprise’s work in process account in October?
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