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Metalworks Applies Manufacturing Overhead on the Basis of Direct Materials

Question 61

True/False

Metalworks applies manufacturing overhead on the basis of direct materials used in production.During the current period,direct materials used for Job #123 amounted to $22,545.If Metalworks' overhead rate is 0.65 of direct materials used,the overhead applied to Job #123 for the period is $15,000.

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