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Departmentalized Income Statement

Income Statement – Overhead Allocated Report Not Showing Overhead

Question The “Use Department Overhead Allocation” preference is on. The “Direct Labor (% of total direct labor)” option is selected on the Chart of Account Labor Expense account. This selection was confirmed by looking at the “Dept. Overhead Type” column on the Chart of Account list. We ran the “Income Statement – Overhead Allocation” report […]

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