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Please answer a to c for question 3, pls show full working out. Question 3: Cost Flows in Job Order Costing The following cost data
Please answer a to c for question 3, pls show full working out.
Question 3: Cost Flows in Job Order Costing The following cost data relate to the manufacturing activities of Project Limited last year: The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $8.00 per machine-hour; a total of 6,000 machine-hours were recorded for the year. Required: a. Calculate the amount of applied overhead. (1 marks) b. Calculate the amount and specify underapplied or overapplied overhead cost for the year. (2 marks) c. Prepare a schedule of Cost of Goods Manufactured for the year. Show all items. (12 marks)Step by Step Solution
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