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A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 30,000. Actual factory overhead costs incurred were $377,200, and actual direct labor hours were 36,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?
Environmental Impact Statement
A document prepared to describe the effects proposed projects or actions may have on the environment and society.
Proposed Action
A plan or course of action that is put forward for consideration or implementation.
Wetlands Protection Act
A set of regulations designed to protect wetlands from degradation due to construction, development, and pollution.
Clean Water Act
U.S. federal law aimed at reducing pollutants entering the nation's waters and regulating quality standards for surface waters.
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