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Mat Company's actual manufacturing overhead cost for the month ended March 31 was $78,000. The company's predetermined overhead rate was 50% of direct labor cost. Other information pertaining to Mat Company's inventories and production for the month of March is as follows:

Required:

a. Determine the amount of direct materials used during March.

b. Determine the underapplied or overapplied overhead for the month.

c. Determine the Cost of Goods Manufactured for the month.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967998

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