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Forbes Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the company estimated manufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actual figures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost records for the period will show:over applied overhead of $300over applied overhead of $1,500under applied overhead of $1,500under applied overhead of $300I have tried to follow my textbook, but the answer I come up with doesn't seem right, please help by showing me the process to find the predetermined overhead rate and then solve
2012 2011 Cash 12200 17700 Acct receivable 25200 22300 Investments
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Question: At the beginning of the year, Asquith Company Ltd initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help asse
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