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Artisan Woodworking uses normal costing and allocates manufacturing overhead to jobs based on a budgeted labor - hour rate and actual direct labor - hours.
Artisan Woodworking uses normal costing and allocates manufacturing overhead to jobs based on a budgeted laborhour rate and actual direct laborhours. Under or overallocated overhead, if immaterial, is written off to Cost of Goods Sold. During ArtisanArtisan recorded the following:
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