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a. Compute the predetermined overhead rate (combined fixed and varlable) to be used to apply overhead to Individual jobs during the year. (Note: Regardless of
a. Compute the predetermined overhead rate (combined fixed and varlable) to be used to apply overhead to Individual jobs during the year. (Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is $12.30 per machine-hour. Use this amount in answering requirements [b] through [f], as needed.) b. Compute the total cost of Job 302 when it is finished. c. How much of factory overhead cost was applled to Job 305 during March? d. What total amount of overhead was applied to Jobs during March? e. Compute actual factory overhead incurred during March. 1. At the end of the year, Sorrento Products had the following account balances: Show the overapplied overhead effect on the account balances (final balances after allocation) in the following table. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year. Complete this question by entering your answers in the tabs below. How much of factory overhead cost was applied to Job 305 during March? Show the overappled overhead effect on the account balances (final balances after allocation) In the Complete this question by entering your answers in the tabs below. Compute the total cost of Job 302 when it is finished. Sorrento Products uses a job costing accounting system for its manufacturing costs. A predetermined overhead rate based on machine-hours is used to apply overhead to indlividual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows. The expected volume is 203,000 machine-hours for the entlire year. The following information is for March, when Jobs 302 and 304 were completed: Sorrento Products uses a job costing accounting system for its manufacturing costs. A predetermined overhead rate based on machine-hours is used to apply overhead to Individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows. The expected volume is 203,000 machine-hours for the eltit: is ir. The fcllowing information is for March, when Jobs 302 and 304 were completed: Complete this question by entering your answers in the tabs below. What total amount of overhead was applied to jobs during March? Complete this question by entering your answers in the tabs below. Show the overapplied overhead effect on the account balances (final balances after allocation) in Complete this question by entering your answers in the tabs below. Compute actual factory overhead incurred during March
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