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Can't find manufacturing overhead? i know I need to multiply something by 60% Ivanhoe Compary uses a job order cost system. On May 1 ,
Can't find manufacturing overhead? i know I need to multiply something by 60%
Ivanhoe Compary uses a job order cost system. On May 1 , the company has a balance in Work in Process inventory of $3,010 and two jobs in process: Job No. 429$1,720, and Job No,430 $1,290. During May, a summary of source documents reveals the following: Ivanhoe Company applies manufacturing overhesd to jobs at an overhead rate of 60% of direct iabor cost fob No 429 is completed during the month Step by Step Solution
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