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Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were
Munch Printing Inc. began printing operations on July 1. Jobs 10 and 11 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 12 and 13 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and $14,500 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: Job 10 Direct Materials $12,400 Direct Labor $4,750 Factory Overhead: $3,800 Total: $20,950 Job 11 Direct Materials:5,800 Direct Labor: 2,450 Factory Overhead: 1,960 Total: 10,210 Job 12: Direct Materials: 17,400 Direct Labor: 5,250 Factory Overhead: Job 13: Direct Materials: 3,500 Direct Labor: 700 Factory Overhead: Determine each of the following for July: c. Factory overhead applied (a single overhead rate is used based on direct labor cost). $
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