Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During...

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Question 31 For Kiqui Company, the predetermined overhead rate is 120% of direct labour cost. During the month of June 2020,

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Answer 1

Answer #1

1. Manufacturing overhead applied

= 49,200*120%

= 59,040

.

2. Manufacturing overhead 11,700 underapplied

.

3.

Cost of Goods Sold	11,700
Manufacturing overhead		11,700

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Answer 2

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