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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): Materials
Determine and Use Overhead Rate The following selected ledger accounts of Cameron Company are for February (the second month of its accounting year): Materials Inventory Feb. 1 balance February debits 94.500 February credits 339.000 312.000 Manufacturing Overhead February debits 411,600 Feb. 1 balance 34.000 February credits 409050 Work in Process Inventory Feb. 1 balance 67,200 February credits 1.035.000 February debits: Direct material 285,000 Direct Labor 454.500 Man, overhead 409.050 Wages Payable February debits 580.500 Feb. 1 balance 135000 February credits 531.000 Finished Goods Inventory Feb. 1 balance February debits 229.500 February credits 1,151,100 1,035.000 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 5 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 S f. What is the cost of production completed in February? for the first two months $ E-What is the cost of goods sold in February? Q Search LO Pirio
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