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Kamper Company allocates their manufacturing overhead based on direct labor hours. The total estimated overhead is $475,000 and total estimated direct labor hours are 30,800. If the actual direct labor hours were 31,360, what was the total manufacturing overhead applied? (Round intermediate calculations to two decimal places.)
Productivity
The efficiency of production, measured as the amount of output produced per unit of input used.
Little Capital
A term referring to businesses or investments that require a relatively small amount of money to start or maintain.
Infant Mortality Rate
A statistical measure representing the number of deaths of infants under one year old per 1,000 live births in a given year.
Developed Countries
Nations with advanced economies, high standards of living, and well-established infrastructure, often characterized by high levels of industrialization.
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