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Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labour cost. Any overapplied or underapplied manufacturing overhead

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Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labour cost. Any overapplied or underapplied manufacturing overhead is closed to the Cost of Goods Sold account at the end of each month. Additional information is available as follows: Job 101 was the only job in process at January 31 The job cost sheet for this job contained the following costs at the beginning of the month: Direct materials Direct labour Applied manufacturing overhead $4,000 $2.000 $3,000 Jobs 102, 103, and 104 were started during February Direct materials requisitions for February totaled $26.000 - Direct labour cost of $20,000 was incurred for February - Actual manufacturing overhead was $32,000 for February The only job still in process at February 28 was Job 104 with costs of $2,800 for direct materials and $1800 for direct labour The cost of goods manufactured for February was Multiple Choice ENG 2020-10-23 BE to search

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