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Nos. 29 to 32 are based on the following information: Hogle Corporation uses job-order costing. On January 1, the company's inventory balances were as follows:
Nos. 29 to 32 are based on the following information: Hogle Corporation uses job-order costing. On January 1, the company's inventory balances were as follows: The company applies overhead cost to jobs on the basis of machine-hours worked. For the current year, the rear: Due to greater than expected demand for its products, the company worked 80,000 machine hours on all jobs during the year. 29. The cost of raw materials used in production during the year was P Out of the raw materials used in production INDIRECT MATERIALS amount to F (BONUS) 30. If overhead is applied to production on the basis of machine-hours worked, the predetermined overhead rate was P per machine hour. 31. The amount of underapplied or overapplied overhead of the period amount to P Indicate whether overhead is OVERAPPLIED or UNDERAPPLIED
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