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Tyare Corporation had the following inventory balances at the beginning and end of May: During May, $60,000 in raw materials (all direct materials) were drawn
Tyare Corporation had the following inventory balances at the beginning and end of May: During May, $60,000 in raw materials (all direct materials) were drawn from inventory and used in production. The companys predefermined overhead rate was 54 per direct labor-hour, and it paid its direct labor workets $15 per hour. A total of 330 hours of direct labor time had been expended on the joos in the beginning actual manufacturing overhead cost during the month and applled 540,500 in mandfacturing overtiead cost. The actual direct labor-hours worked during Mary totaled
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