BITCO has the following amounts recorded in the ledger. $5,600 4,200 17.250 7,400 6.750 Beginning...
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Accounting
BITCO has the following amounts recorded in the ledger. $5,600 4,200 17.250 7,400 6.750 Beginning raw materials Ending raw materials Direct labor Raw material purchases Depreciation on fattory equipment Factory repairs and maintenance Beginning finished goods inventory Ending finished goods inventory Beginning goods in process inventory Ending goods in process inventory OH application rate 3,300 10,800 8.900 5,350 6.300 60% of DL Use the information provided to calculate the amount by which overhead is under or overapplied during the period. $800 Overapplied $300 Underapplied $800 Underapplied $300 Overapplied There was no over or underapplied overhead
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