Gympie Ltd. applies overheads based on direct labour hours. The company has budgeted 40 000 direct labour
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Question:
Gympie Ltd. applies overheads based on direct labour hours. The company has budgeted 40 000 direct labour hours at a cost of $15 per hour, and manufacturing overhead of $850 000 in the assembly division for the year. The actual direct labour hours used for the year turns out to be 37 000 hours. What is the applied overhead for the year?
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