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Business, 19.02.2020 19:32 MileenaKitana

MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total estimated direct labor-hours 50,000 Total estimated fixed manufacturing overhead cost $285,000 Estimated variable manufacturing overhead per direct labor-hour $3.80 Recently, Job P123 was completed with the following characteristics: Total actual direct labor-hours 20 Direct materials $710 Direct labor cost $500 The amount of overhead applied to Job P123 is closest to

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