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Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a...

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Accounting

Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $22,400 representing Job No.265. During June, $50,000 of direct materials were requisitioned for Job No.265 and $35,000 of direct labor cost was incurred on Job No.265. Manufacturing overhead is allocated at 125% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,000. No new jobs were started during June. Job No.265 is completed on June 28.XAll BookmarksIs manufacturing overhead overapplied or underapplied for the month of June? By how much?A) $2,750 underappliedB) $13,000 overappliedC) $13,000 underapplied

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