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Unformatted text preview: year. 2. Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418, 12,000 hours; Job 419, 36,000 hours; Job 420, 30,000 hours. How much overhead cost will the company apply to Work in Process for the year? If actual overhead costs total $530,000 for the year, will overhead be underapplied or overapplied? By how much? $522,60 0 Actual $530,000 Applied $522,60 0 Underapplied $7,400...
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