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EEE COMPANY has only Job 844 in process on March 1 of the current year. The job has been charged with P2,000 of direct material cost, P2,500 of direct labor cost, and P1,750 of manufacturing overhead cost. The company assigns overhead cost to jobs at a predetermined rate of 70% of direct labor cost. Any under- or overapplied overhead
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Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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