The Following Cost Data Relate to the Manufacturing Activities of the Kanaba

question 279

Essay

The following cost data relate to the manufacturing activities of the Kanaba Corporation last year:
The company uses a predetermined overhead rate to apply manufacturing overhead cost to production. The rate last year was $5.00 per machine-hour; a total of 5,000 machine-hours were recorded for the year.Required:a. Compute the amount of underapplied or overapplied overhead cost for the year.b. Prepare a schedule of Cost of Goods Manufactured for the year.

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