Marigold Corp. provided the following information from its accounting records for 2019. Expected production 100000 labor...
Marigold Corp. provided the following information from its
accounting records for 2019.
| Expected production | 100000 labor hours |
| Actual production | 96000 labor hours |
| Budgeted overhead | $700000 |
| Actual overhead | $670000 |
How much is the overhead application rate if Marigold Corp. bases
the rate on direct labor hours?
$6.98 per hour
$6.70 per hour
$7.29 per hour
$7.00 per hour
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Marigold Corp. provided the following information from its
accounting records for 2019.
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Marigold Corp. thinks machine hours is the best activity base
for its manufacturing overhead. The estimate of annual overhead
costs for its jobs was $1550000. The company used 1000 hours of
processing on Job No. B12 during the period and incurred overhead
costs totaling $1600000. The budgeted machine hours for the year
totaled 20000. How much overhead should be applied to Job No.
B12?
Sheridan Company manufactures customized desks. The following
pertains to Job No. 953:
Direct materials used
$31800...
Jackson Inc. listed the following data for 2019 14 Budgeted factory overhead Budgeted direct labor hours Budgeted machine hours Actual factory overhead Actual direct labor hours Actual machine hours $1,287,000 82,500 44,000 1,201,100 86,400 39,500 Skipped Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2019 is (round calculations to 2 significant digits): Multiple Choice $15.93 per direct labor hour $14.39 per direct labor hour. $16.26 per direct labor hour. $15.60 per direct...
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