The following information was gathered for Cruise Company for the year ended December 31, 2020....
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Accounting
The following information was gathered for Cruise Company for the year ended December 31, 2020. Estimated direct labour hours 78,750 Actual direct labour hours 80,000 Estimated manufacturing overhead $630,000 Actual manufacturing overhead $670,000 Required:
a) Determine the predetermined manufacturing overhead rate. (3 marks)
b) Determine the manufacturing overhead allocated. (3 marks)
c) Determine the amount of over/underallocated overhead. (2 marks)
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