Question: Two separate companies report the information below. Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Cost of goods


Two separate companies report the information below. Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Cost of goods sold (before under- or overapplied overhead) Predetermined overhead rate Enter answers in the tabs below. Required 1 Required 2 Required 3 Compute applied overhead for each company. Company 1 $ 81,100 42,800 Company 2 $ 62,800 84,600 14,000 7,600 59,200 50,300 20,100 51,500 208,000 258,000 125% of direct materials cost 120% of direct labor cost Factory overhead-Company 1 Factory overhead-Company 2
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