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part 3 and 4 The following information relates to GI Limited for 2013: REQUIRED: 1. Calculate the budgeted overhead rate based on direct labour hours.

part 3 and 4

The following information relates to GI Limited for 2013: REQUIRED: 1. Calculate the budgeted overhead rate based on direct labour hours. 2. Calculate the value of any under-recovered or over-recovered overheads. 3. Prepare a journal entry to close the manufacturing overhead account to cost of sales. 4. What caused the under-recovered or over-recovered overhead

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