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Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 701 and 7.02 were completed during the month, and all costs applicable

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Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 701 and 7.02 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 7-0: und 7-04 are still in process at the end of the month, and all appilcable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,710 of indirect materials and $6,000 of indirect labor were used durifg the month. The cost sheets, in summary form, for the four jobs during the month are as follows: c. Factory overhead applied (a single overhead rate is used based on direct labor cost). c. Factory overhead applied (a single overhead rate is used based on direct labor cost). d. Cost of completed Jobs 7-01 and 7-02. e. Assume that in addition to indirect materials and indirect labor, factory overhead of $2,900 was incurred during July Determine the overapplied or underapplied overhead for July. Determining Manufacturing Costs Wagner Printing Inc. began printing operations on July 1. Jobs 701 and 7.02 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 7-0: und 7-04 are still in process at the end of the month, and all appilcable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,710 of indirect materials and $6,000 of indirect labor were used durifg the month. The cost sheets, in summary form, for the four jobs during the month are as follows: c. Factory overhead applied (a single overhead rate is used based on direct labor cost). c. Factory overhead applied (a single overhead rate is used based on direct labor cost). d. Cost of completed Jobs 7-01 and 7-02. e. Assume that in addition to indirect materials and indirect labor, factory overhead of $2,900 was incurred during July Determine the overapplied or underapplied overhead for July

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