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all answers for same question Answer the following 3 questions using the information below. Cloudy Company manufactures pipes and applies manufacturing overhead costs to production
all answers for same question
Answer the following 3 questions using the information below. Cloudy Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect cost allocation rate of \$21 per direct labour hour. The following data are obtained from the accounting records for June in the current vaar: Q7: The actual amount of manufacturing overhead costs incurred in June totals: a) $144,000 b) $175,000 c) $75,000 d) $107,000 Q8: The amount of manufacturing overhead allocated to all jobs during June totals: a) $168,000 b) $112,000 c) $107,000 d) $147,000 Q9: For June, manufacturing overhead was: (2 Marks) a) overallocated by $5,000. b) underallocated by $32,000. c) neither underallocated or overallocated. d) underallocated by $30,000 Step by Step Solution
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