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KL Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect cost rate of $12.50 per direct labor hour. The following data

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KL Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect cost rate of $12.50 per direct labor hour. The following data are obtained from the accounting records for June 2018: Direct materials $400,000 Direct labor (16,000 hours $10/hour $240,000 Indirect labor $ 35,000 Plant facility rent $120,000 Depreciation on plant machinery and $ 32,000 equipment Sales commissions $ 30,000 Administrative expenses $ 45,000 Required: What actual amount of manufacturing overhead costs was incurred during June 2017 b. What amount of manufacturing overhead was allocated to all jobs during june 2018? c. For June 2018, was manufacturing overhead underallocated or overallocated? d. JKL Company uses two manufacturing overhead accounts (MOH control and MOH allocated) and has the following balances in its accounts prior to closing the manufacturing overhead. Work in process $30,000 Finished goods $70,000 Cost of goods sold 55400,000 Prepare the entry to close the under or over allocated manufacturing overhead, assuming that the amount from your answer this material

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