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Trust company applies overhead based on direct labor hours

Question: Trust Company applies overhead based on direct labor hours. At the beginning of the year, Trust estimates overhead to be $700,000, machine hours to be 200,000, and direct labor hours to be 35,000. During February, Trust has 5,000 direct labor hours and 10,000 machine hours. What is the amount of overhead applied for February?

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Accounting Basics: Trust company applies overhead based on direct labor hours

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