Homework Answers
Estimated factory overhead = $1,132,400
Estimated machine hours = 14,900 hours
Predetermined overhead rate = Estimated factory overhead/Estimated machine hours
Predetermined overhead rate = $1,132,400/14,900 hours = $76 per machine hour
Number of machine hours used for all the jobs = 4,920 hours
Factory overhead applied to all the jobs = Machine hours used * Predetermined overhead rate
Factory overhead applied to all the jobs = 4,920 hours * $76 per machine hour = $373,920
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