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Managerial Accounting: Pocono Co. uses a standard costing system and a standard overhead rate of $12 per process hour. Poconos Production Overhead account shows a
Managerial Accounting:
Pocono Co. uses a standard costing system and a standard overhead rate of $12 per process hour. Poconos Production Overhead account shows a debit of $365,780 for the month. The company produced 7,900 products and used 30,800 process hours. The standard for each product is 4 process hours. What amount did Pocono Co. credit to the Production Overhead account for the month?
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