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Dapper Corporation had only one job in process on May 1. The job had been charged with $3,400 of direct materials, $4,640 of direct labor, and $9,200 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May, the following activity was recorded: Work in process inventory on May 30 contains $7,540 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:
Improper Person
An individual deemed unsuitable or unqualified under certain criteria or regulations.
Criminal
Pertaining to or involving crimes, describing actions that are against the law.
Liability
A financial obligation or amount that an individual or entity owes to another.
Misrepresented Authority
An instance where someone incorrectly asserts or implies they have the power to act on behalf of another party, potentially leading to binding agreements or legal consequences.
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