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Clapton Corporation has two production departments, Molding and Customizing. The company uses a job-order costing...

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Accounting

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Clapton Corporation has two production departments, Molding and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Molding Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: During the most recent month, the company started and completed Job K369. Data concerning the job is below

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