Question: please solve ASAP Logan Products computes its predetermined overhead rate annually on the basis of direct labour-hours. At the beginning of the year, it estimated

please solve ASAP Logan Products computes its predetermined overhead rate annually

please solve ASAP

Logan Products computes its predetermined overhead rate annually on the basis of direct labour-hours. At the beginning of the year, it estimated that its total manufacturing overhead would be $586,000 and the total direct labour would be 40,000 hours. Its actual total manufac- turing overhead for the year was $713.400 and its actual total direct labour was 41.000 hours. Required: Compute the company's predetermined overhead rate for the year, calculate the total overhead applied, and determine the amount of under-or overapplied overhead in the year

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