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IV. Smith Co, has the following manufacturing costs: budgeted indirect-cost rate of $10 per direct labor-hour Direct materials $400,000 Direct labor (14,000 hours @ $11/hour)

IV. Smith Co, has the following manufacturing costs:

budgeted indirect-cost rate of $10 per direct labor-hour

Direct materials$400,000

Direct labor (14,000 hours @ $11/hour)$ 154,000

Indirect labor$ 40,000

Plant facility rent$ 150,000

Depreciation on plant machinery and equipment$ 32,000

Sales commissions$ 60,000

Administrative expenses$ 50,000

Required:

a.What was the actual amount of manufacturing overhead costs? (5 points)

b.What was the manufacturing overhead cost allocated ? (5 points)

c.was manufacturing overhead underallocated or overallocated? (5 points

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