A manufacturing company applies factory overhead based on direct labor hours....
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Accounting
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $346,300 and direct labor hours would be 42,200. Actual manufacturing overhead costs incurred were $301,500, and actual direct labor hours were 50,700. The Journal entry to apply the factory overhead costs for the year would include a Car credit to Factory Overhead for $416242 Ob, credit to Factory Overhead for $346.300 Oc debit to Factory Overhead for $416247 Od dobit to factory Overhead for 3301.500
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