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Bethel Bakery manufactures frosted sugar cookies. They maintain separate work-in-process accounts for their blending, cutting, baking, decorating, and packaging departments. Which costing method is Bethel Bakery most likely using?
Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price. What is the target cost of this product?
What is the balance in the manufacturing overhead account after these transactions were recorded, assuming the beginning balance was zero?

Now calculate the balance:
Manufacturing Overhead Balance = Actual Overhead – Applied Overhead
= $6,700 – $6,000 = $700 underapplied
Underapplied overhead → debit balance in Manufacturing Overhead account