Predetermined rates and cost flows (LO2, LO3). Osborne Products uses a predetermined overhead rate of $50 per labor hour. A review of the company’s accounting records revealed that actual overhead...

Predetermined rates and cost flows (LO2, LO3). Osborne Products uses a predetermined overhead rate of $50 per labor hour. A review of the company’s accounting records revealed that actual overhead costs for the period were $500,000 and that manufacturing overhead was overapplied by $50,000.

Required: What were Osborne’s actual labor hours?