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Answer the following questions using the information below:
Philadelphia Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $15 per direct labor-hour. The following data are obtained from the accounting records for June 2010:
-The amount of manufacturing overhead allocated to all jobs during June 2010 totals:
Stage Rigging
The system of ropes, pulleys, and hardware utilized in theater to move scenery, lights, and effects on and off stage.
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A manufacturing technique that involves assembling complex products from interchangeable modules or components.
Modified T-account
A modified T-account is a version of the traditional T-account used in accounting, adapted to include adjustments or additional information for clearer financial analysis.
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A closing technique in sales where pros and cons are weighed against each other, similar to entries in a T-account, to assist in decision-making.
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