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PLEASE SHOW WORKING!! THANKS Use the following information to answer the next two questions Hamilton Company uses job order costing. Factory overhead is applied to

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PLEASE SHOW WORKING!!

THANKS

Use the following information to answer the next two questions Hamilton Company uses job order costing. Factory overhead is applied to production at a predetermined rate of 150% of direct-labour cost. Any over or under-applied factory overhead is closed to the cost of goods sold account at the end of each month. Additional information is available as follows: * Job 101 was the only job in process at January 31, 2002, with accumulated costs as follows: Direct material $4,000 Direct labour 2,000 Applied factory overhead 3,000 $9,000 . 0 Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February totaled $26,000. Total Direct-labour cost of $20,000 was incurred for February. Total Actual factory overhead was $32,000 for February. The only job still in process at February 28, 2002, was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labour. . 6. The cost of goods manufactured for February 2002 was: (a) $77,700 (b) $78,000 $79,700 $85,000 7. Over or under-applied factory overhead should be closed to the cost of goods sold account at February 28, 2002, in the amount of: (a) (b) (C) (d) $ 700 over-applied $1,000 over-applied $1,700 under-applied $2,000 under-applied

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