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Please show a step-by-step solution. Thank you. Apple Valley Corporation uses ajob cost system and has two production departments, A and B. Budgeted manufacturing costs
Please show a step-by-step solution. Thank you.
Apple Valley Corporation uses ajob cost system and has two production departments, A and B. Budgeted manufacturing costs for the year are: Department A Department B $100,000 Direct materials $700,000 Direct manufacturing labor $200,000 $800,000 $400,000 $600,000 Manufacturing overhead The actual material and labor costs charged to Job 432were as follows: Total $25,000 Direct materials Direct labor Department A $8000 Department B 12,000 $20,000 Apple Valley applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year For Department A. the manufacturing overhead allocation rate is: 33% 66% 300% 100%
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