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Total production costs for December were $180,000, of which $30,000 was direct labor. A total of 600 machine hours are used in a month. The
- Total production costs for December were $180,000, of which $30,000 was direct labor. A total of 600 machine hours are used in a month. The company uses a predetermined overhead rate of $100 per machine hour to assign factory overhead to work-in-process and finished goods inventory. The materials purchased in December were
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
