Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review...
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Accounting
Simone uses a predetermined overhead application rate of $8 per direct labor hour. A review of the company's accounting records for the year just ended discovered the following:Underapplied manufacturing overhead: $7,200 Actual manufacturing overhead: $392,000 Budgeted labor hours: 50,000 Simone's actual labor hours worked totaled:
A. $48,100
B. $49,100
C. $49,900
D. $50,900
E. cannot be determined based on the information presented
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