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At the beginning of the year, Wilson Company estimated the following: Wilson used normal costing and applies overhead on the basis of direct labor hours. For the month of September, direct labor hours equaled 9,350 and actual overhead equaled $46,750.
Calculate the overhead applied to production in September.
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Attributed or designated to a particular task, resource, or responsibility within an organization or process.
Cash Dividend
A payment made by a company out of its earnings to its shareholders, typically in the form of cash.
Retained Earnings
Retained earnings are the portion of a company's net income that is kept within the company instead of being paid out to shareholders as dividends, used for reinvestment.
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