Analyzing overhead costs Stone Company applies manufacturing overhead at the rate of $9.50 per machine hour. During
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Analyzing overhead costs Stone Company applies manufacturing overhead at the rate of $9.50 per machine hour. During 1992,40,000 machine hours were clocked. At the end of 1992, the manufacturing overhead control account had a balance of $352,000. Job number 3213, consisting of 100 microwave ovens, was started and completed during the year. The job required 1,000 machine hours, total direct material of $12,000, and direct labor costs of $10,000.
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