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The following additional data pertain to January operations. The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or
The following additional data pertain to January operations. The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year. 5. Compute the balance in the manufacturing overhead account on January 31. Debit or credit
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