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MBA, Inc. manufactures notes for various topical matters covered in most MBA programs. Data for its initial period (no beginning inventories) appear below. MBA uses
MBA, Inc. manufactures notes for various topical matters covered in most MBA programs. Data for its initial period (no beginning inventories) appear below. MBA uses a normal accounting system. It assigns manufacturing overhead at 150% of direct labor cost. During the period it had the following transactions (amounts are in dollars unless noted). In a. Prepare a Statement of Cost of Goods Manufactured using the normal costing method. b. Calculate actual MOH and under- or over-applied MOH
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