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Morgan Corporation uses estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $920,000 in establishing manufacturing overhead rates. Actual manufacturing overhead was $970,000, and allocated manufacturing overhead was $1,012,000. What were the number of actual direct hours worked?
Heuristic
A problem-solving approach using practical methods or shortcuts to generate satisfactory, though not always optimal, solutions.
Algorithm
A step-by-step procedure or formula for solving a problem or accomplishing some end within a finite number of steps.
Ethnic Minority
A group of people who have different national or cultural traditions from the main population within a country or region.
Verbal Aptitude
The ability to understand and process words and language, both in speaking and writing.
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