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Precision Corporation Used a Predetermined Overhead Rate Last Year of $3

Question 71

Multiple Choice

Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Precision Corporation used a predetermined overhead rate last year of $3 per direct labor-hour, based on an estimate of 24,000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: The overapplied or underapplied manufacturing overhead for the year was: A) $3,000 underapplied B) $3,000 overapplied C) $12,000 underapplied D) $12,000 overapplied The overapplied or underapplied manufacturing overhead for the year was:


A) $3,000 underapplied
B) $3,000 overapplied
C) $12,000 underapplied
D) $12,000 overapplied

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