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during the first quarter of 2022, cullumber company reports the following: estimated overhead $221.260 actual...

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Accounting

During the first quarter of 2022, Cullumber Company reports the following: Estimated overhead $221.260 Actual overhead $220.280. Estimated labour costs $170.204. Actual labour costs $172.500. The company allocates its overhead on the basis of direct labour cost. Calculate the predetermined overhead rate. Calculate the over-applied or under-applied manufacturing overhead

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