Chapter 03 Sol(1) - Exercise36(15minutes) 1.

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 (15 minutes) 1. Actual manufacturing overhead costs. ............ $ 48,000 Manufacturing overhead applied: 10,000 MH × $5 per MH. ..............................       50,000     Overapplied overhead cost. ............................. $ 2,000 2. Direct materials: Raw materials inventory, beginning. ............. $ 8,000 Add purchases of raw materials. ..................   32,000     Raw materials available for use. ................... 40,000 Deduct raw materials inventory, ending. .......       7,000     Raw materials used in production. ................ $ 33,000 Direct labour. ................................................... 40,000 Manufacturing overhead cost applied to work  in process. ....................................................       50,000     Total manufacturing cost. ................................ 123,000 Add: Work in process, beginning. ....................           6,000     129,000 Deduct: Work in process, ending. ....................  
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Chapter 03 Sol(1) - Exercise36(15minutes) 1.

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