Question: Help Save & Exit Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $188,000 of raw materials on credit, issued materials
Help Save & Exit Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $188,000 of raw materials on credit, issued materials to production of $215,000 of which $10,000 were indirect. Minstrel incurred a factory payroll of $159,000, of which $20,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $198,600 during the month, compute the amount of under-or overapplied overhead: Multiple Choice $39,600 underapplied $9.900 overapplied $39,600 overapplied $9,900 underapplied G $39.900 overapped
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