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Waterway Company uses a standard cost accounting system. In 2022, the company produced28, 500units. Each...

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Accounting

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Waterway Company uses a standard cost accounting system. In 2022, the company produced28, 500units. Each unit tookseveral pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $11.00. Normal capacity was49,800direct labor hours. During the year, 131,700pounds of caw materials were purchased at $0.90 per pound. All materials purchased were used during the year. How much overhead was applied to production during the year? Overhead applied

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