Question: Please explain the correct approach for solving this general accounting question. Nova Edge Mfg. reported the following production costs for June: Cost Description Amount Direct

Please explain the correct approach for solving this general accounting question.

Nova Edge Mfg. reported the following production costs for June: Cost Description Amount Direct Labor $19,000 Indirect Labor $7,200 Direct Materials $18,600 Depreciation on Factory Equipment $1,200 Utilities (Factory) $1,100 Factory Insurance $300 Calculate factory overhead incurred for June

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