Question: QS 15-18 (Algo) Computing and recording over- or underapplled overhead LO P4 A company applies overhead at a rate of 200% of direct labor cost.

QS 15-18 (Algo) Computing and recording over- or underapplled overhead LO P4 A company applies overhead at a rate of 200% of direct labor cost. Actual overhead cost for the current period is $1,291,100, and direct labor cost is $636,000. 1. Compute the under-ot overapplied overhead. 2. Prepare the journal entry to close over- or underapplied overhead to Cost of Goods Sold

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