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Premium Company produces uniforms. The company allocates manufacturing overhead bated on the machine hours each job uses. Premium Company reports the following cost data for

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Premium Company produces uniforms. The company allocates manufacturing overhead bated on the machine hours each job uses. Premium Company reports the following cost data for the past year; Compute the predetermined manufacturing overhead rate. Calculate the allocated manufacturing overhead for the past year. Compute the under allocated or over allocated manufacturing overhead. Prepare the journal entry to close the allocated manufacturing overhead

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