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Business, 06.08.2021 16:20 iamabeast51

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $363,800; materials of $404,000 and direct labor of $214,000. During the year Adams incurred $386,400 in materials costs, $382,200 in overhead costs and $218,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.

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