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Calvin Company uses a predetermined overhead application rate of $0.25 per direct labor hour. Actual...

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Accounting

Calvin Company uses a predetermined overhead application rate of $0.25 per direct labor hour. Actual overhead incurred during the year was $278,000, but the company planned to incur $290,000 of overhead. Calvin Company applied $292,00 of overhead during the year. How many direct labor hours did the company plan to incur?
Group of answer choices
1,148,000
1,160,000
1,168,000
1,112,000

Answer & Explanation Solved by verified expert
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