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Selected information from the Blake Corporation accounting records for June follows Materials Invento Work-In-Process Inventor Finished Goods Inventor BB (6/1) 85,000 457,000 Labor 450,000 EB(6/30
Selected information from the Blake Corporation accounting records for June follows Materials Invento Work-In-Process Inventor Finished Goods Inventor BB (6/1) 85,000 457,000 Labor 450,000 EB(6/30 500,000 BB 6/1 287,000 412,000 832,000 829,000 Cost of Goods Sold Manufacturing Overhead Control Applied Manufacturing Overhead 315,000 20,000 295,000 295,000 20,000 Additional information for June follows: .Labor wage rate was $30 per hour .During the month, sales revenue was $1,021,000, and selling and administrative costs were $232,000 . This company has no indirect materials or supplies . The company applies manufacturing overhead on the basis of direct labor-hours Required a. What was the cost of direct materials purchased in June? materials b. What was the over-or underapplied manufacturing overhead for June? manufacturing overhead c. What was the manufacturing overhead application rate in June
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