At the beginning of the year, a company predicts total overhead costs of $790,400. The company...
At the beginning of the year, a company predicts total overhead costs of $790,400. The company applies overhead using machine hours and estimates it will use 1,520 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 25 machine hours during January?
Homework Answers
Let us first calculate the Budgeted overhead rate for the year
Budgeted overhead rate = Total overhead costs / Total machine hours = 790,400 / 1,520 = $ 520 per hour
Job 65A uses 25 hours
Overhead applied = 25 X 520 = $ 13,000
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At the beginning of the year, a company predicts total overhead
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QS 15-7 Applying overhead LO P3 At the beginning of the year, a company predicts total overhead costs of $710,400....
QS 15-7 Applying overhead LO P3 At the beginning of the year, a company predicts total overhead costs of $710,400. The company applies overhead using machine hours and estimates it will use 1,480 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 21 machine hours during January? Overhead applied to Job 65A
I need help with the whole question with a solution and explanation Please and Thank you....
I need help with the whole question with a solution and
explanation Please and Thank you.
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I need help with the whole question with a solution and
explanation Please and Thank you.
Chapter 15 Homework Saved Help Save & Exit Submit Check my work At the beginning of the year, a company predicts total overhead costs of $633,600. The company applies overhead using machine hours and estimates it will use 1,440 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 17 machine hours during January? 4.44...
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