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How does material requisition help safeguard company assets

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Question: 1. How does the materials requisition help safeguard a company's assets?

2. Palm uses a "time ticket" for some employees. What is the difference between a clock card and a time ticket?

3. A company incurred the following manufacturing costs this period: direct labor, $605,000; direct materials, $672,000; and factory overhead, $129,500. Compute its overhead cost as a percent of

(1) direct labor and

(2) direct materials. Express your answers as percents, rounded to one decimal place.

Reference no: EM131536283

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