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1. Tabitha's Twist-Ties incurred the following actual direct & indirect production costs during the current month: Indirect labor $23,000 Depreciation on plant $16,000 Machinery repair

1. Tabitha's Twist-Ties incurred the following actual direct & indirect production costs during the current month: Indirect labor $23,000 Depreciation on plant $16,000 Machinery repair $10,000 Direct labor $82,000 Utilities on plant $34,000 Direct materials $25,000 Sales commissions $15,000 For the following questions, please show calculations where appropriate. o A. Which of the above actual costs would be posted to the Manufacturing Overhead account? Provide the total dollar amount as well. (3pts) B. Would this amount be debited or credited to Manufacturing Overhead? A. Which of the above actual costs would be posted to the Manufacturing Overhead account? Provide the total dollar amount as well. (3pts) B. Would this amount be debited or credited to Manufacturing Overhead? (1pt) Tabitha's uses machine hours as their allocation base to calculate their Predetermined Overhead Allocation Rate ("POAR"). The company estimated the following amounts at the end of last year: Estimated machine hours 43,900 Estimated manufacturing overhead costs $878,000 C. Calculate the Predetermined Overhead Allocation Rate (2pts) D. Assume the company incurred 4,200 machine hours for the current month. How much is the Allocated Manufacturing Overhead? (2pts) E. Would this allocated amount be debited or credited to Manufacturing Overhead? (1pt) F. Did they over- or under-allocate? By how much? (provide dollar amount) (3pts) G. What would be the journal entry to adjust the Manufacturing Overhead account? (provide the accounts/amounts of each debit & credit) (3pts)

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