Question: I need guidance with this general accounting problem using the right accounting principles. For Carter Manufacturing, the predetermined overhead rate is 120% of direct labor

I need guidance with this general accounting problem using the right accounting principles.

For Carter Manufacturing, the predetermined overhead rate is 120% of direct labor cost. During the month, Carter incurred $98,000 in total factory labor costs, of which $76,000 was direct labor and $22,000 was indirect labor. The actual overhead incurred was $95,500. Calculate Applied Manufacturing Overhead

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