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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $208,000 of...

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Accounting

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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $208,000 of raw materials on credit; issued materials to production of $205,000 of which $20,000 were indirect. Minstrel incurred a factory payroll of $160,000, of which $30,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $189,000 during the month, compute the amount of under-or overapplied overhead: Multiple Choice O $6,000 underapplied. S6,000 overapplied. $29,000 underapplied. S51,000 overapplied. $29,000 overapplied

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