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What is part of direct labour for estimated? Thank you. 10. The Peterson Company uses a predetermined overhead rate of 120% of direct labou apply
What is part of direct labour for estimated? Thank you.
10. The Peterson Company uses a predetermined overhead rate of 120% of direct labou apply manufacturing overhead. Estimated costs for the upcoming year are: Direct materials $12,000 Advertising $4,000 Factory supplies $12,000 Indirect materials $11,000 Indirect labour $6,000 Sales commissions $6,000 Tools for factory equipment $2,000 If actual direct labour costs for the year were $19,000, manufacturing overhead will have been: (a) underapplied by $8,200. b) underapplied by $3,800. c) underapplied by $2,000. d) underapplied by $2,200. ance in the manufacturing overhead control 11. What method is not acceptable for closing the balance in the manufacturing o accounts? Post any over or underar over or underapplied overhead directly to cost of goods sold. time wear once actual overhead costs are knownStep by Step Solution
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