Business, 04.07.2020 14:01 bre2354

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $120,500 and $124,100, respectively. During the year, actual overhead was $106,500 and actual direct labor cost was $110,800. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include

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Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor co...

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