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25 The Materials Control account is increased when: ut of question Select one: a. materials are requisitioned for production O b. Indirect materials are purchased
25 The Materials Control account is increased when: ut of question Select one: a. materials are requisitioned for production O b. Indirect materials are purchased C. Both A and B are correct. o d. direct materials are purchased 47 26 For 2017, Looz Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain the following information: out of question Manufacturing overhead costs Machine-hours Estimated $400,000 80,000 Actual $480,000 100,000 Using job costing, the 2017 budgeted manufacturing overhead rate is: Select one: a $10.00 per machine-hour b. $8.00 per machine-hour c. $5.160 per machine-hour d. $12.00 per machine-hour
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