Business, 08.03.2021 20:00 2xLaFlare

Randall Company manufactures products to customer specifications. A job costing system is used to accumulate production costs. Factory overhead cost was applied at 125% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. January 1 December 31
Direct materials $77,000 $40,000
Work in process 66,000 42,000
Finished goods 115,000 100,000
Other information
Direct materials purchases $324,000
Cost of goods available for sale 950,000
Actual factory overhead costs 260,000
The amount of underapplied or overapplied overhead is: .
a. $60,000 overapplied.
b. $60,000 underapplied.
c. $10,000 overapplied.
d. $10,000 underapplied.
e. $0.

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Randall Company manufactures products to customer specifications. A job costing system is used to ac...

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