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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $197,000 of raw materials on credit; issued materials to production of $206,000
Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $197,000 of raw materials on credit; issued materials to production of $206,000 of which $19,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $29,000 was indirect labor: Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $183,000 during the month, compute the amount of under-or overapplied overhead: Muntiple Cnoice $42.000 overapplied. $1,500 underapplied $33.000 underappled 51,500 owerappled s33000 overapplied
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