A company applies overhead to completed jobs on the basis of $0.63 per machine hour. If...
A company applies overhead to completed jobs on the basis of $0.63 per machine hour. If a job showed $24189 of manufacturing overhead applied, how many machine hours were used for the job?
[Round answer to the nearest machine-hour].
Homework Answers
Overhead applied=Predetermined overhead rate*Machine hours used
24189=0.63*Machine hours used
Machine hours used=24189/0.63
which is equal to
=38,395 machine hours(Approx).
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A company applies overhead to completed jobs on the basis of
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hours are used.
Manufacturing overhead rate
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$
repare the adjusting entry to assign the under- or overapplied
overhead for the year to cost of goods sold. (Credit
account titles are automatically...
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