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charged? LO3 P3-2A. Determine and Use Overhead Rate The following selected ledger accounts of Cameron Compar are for February (the second month of its accounting

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charged? LO3 P3-2A. Determine and Use Overhead Rate The following selected ledger accounts of Cameron Compar are for February (the second month of its accounting year): MATERIALS INVENTORY 113,000 Feb. 1 balance February debits 31,500 February credits 104,000 MANUFACTURING OVERHEAD 11,600 136,350 February debits 137,200 Feb. 1 balance February credits WORK IN PROCESS INVENTORY 22,400 February credits 345,000 Feb. 1 balance February debits: Direct material Direct labor 95,000 151,500 Manufacturing overhead 136,350 WAGES PAYABLE February debits 193,500 Feb. 1 balance 45,000 177,000 February credits FINISHED GOODS INVENTORY Feb. 1 balanoe February debits 76.500 February credits 383,700 345,000 Required a. Determine the amount of indirect material requisitioned for production during February b. How much indirect labor cost was apparently incurred during February? c. Calculate the manufacturing overhead rate based on direct labor cost. d. Was manufacturing overhead for February under- or overapplied, and by what amount? e. Was manufacturing overhead for the first two months of the year under- or overapplied, and by what amount? f. What is the cost of production completed in February? . What is the cost of goods sold in February

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