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Selected T - accounts of Moore Company are given below for the just completed year: Required: What was the cost of raw materials used in
Selected Taccounts of Moore Company are given below for the just completed year:
Required:
What was the cost of raw materials used in production?
How much of the materials in above consisted of indirect materials?
How much of the factory labor cost is indirect labor?
What was the cost of goods manufactured?
What was the unadjusted cost of goods sold? Do not include any underapplied or overapplied overhead in your answer.
If overhead is applied to production using direct labor cost, what was the predetermined overhead rate?
Was manufacturing overhead underapplied or overapplied? By how much? cost?
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If overhead is applied to production using direct labor cost, what was the predetermined overhead rate?
The predetermined overhead rate was
of direct labor cost
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