Question: please answer all the questions , no calculations required just the answers Short Answer The following costs are attributed to tha nuiltramm: Quilt Company used
Short Answer The following costs are attributed to tha nuiltramm: Quilt Company used a 125% predetermined overhead rate based on direct labour cost. Required: 7. Calculate the cost of goods manufactured. 8. What was the cost of goods sold before adjusting for any under or over applied overhead? 9. By how much was manufacturing overhead cost under or over applied? 10. Would the summary journal entry to close any under or over applied manufacturing overhead cost be a debit or credit to COGS
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