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Business, 12.02.2020 02:53 jujucruz6

Barefoot Running Company's work in process inventory on June 1 has a balance of $22,900 representing Job No. 265. During June, $50,700 of direct materials were requisitioned for Job No. 265 and $35,500 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 130% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,300. No new jobs were started during June. Job No. 265 is completed on June 28.Is manufacturing overhead overallocated or underallocated for the month of June? By how much?A. $4,850 overallocatedB. $4,850 underallocatedC. $11,530 underallocatedD. $11,530 overallocated

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