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Calculate and Use Overhead Rate Selected data for the consulting department of Kingman Consulting Inc.,...

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Accounting

Calculate and Use Overhead Rate
Selected data for the consulting department of Kingman Consulting Inc., follow:
Assuming that direct labor hours is the basis for applying consulting overhead,
a. Calculate the predetermined overhead rate. $
x per direct labor hour
b. Prepare a journal entry that applies consulting overhead for May.
c. By what amount is consulting overhead over-or under-applied in May?
$
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