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Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor

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Answer #1

Total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated

=(2*68000)+102,000=$238000

Predetermined overhead rate=Total overhead estimated/Estimated direct labor hours

=238000/68000=$3.5 per direct labor hour

Hence applied overhead=3.5*240

=$840

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