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Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February ( the second month of its accounting year )
Determine and Use Overhead Rate
The following selected ledger accounts of Cameron Company are for February the second month of its accounting year:
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?
Manufacturing overhead was
by $
for February.
e Was manufacturing overhead for the first two months of the year under or overapplied, and by what amount?
Manufacturing overhead was
by $
for the first two months.
f What is the cost of production completed in February?
$
g What is the cost of goods sold in February?
$
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