4. The following cost data relate to the manufacturing activities of Crystal Corporation during the...
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Accounting
4. The following cost data relate to the manufacturing activities of Crystal Corporation during the past year: The company uses a predetermined overhead rate to apply overhead cost to production. The rate for the year was $26 per machine-hour. A total of 20,000 machine-hours were recorded for the year. Required: 1. Compute the amount of under- or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year
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