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Accounting Quiz navigation Question 4 Not yet answered Marked out of 6.00 P Flag question Finish attempt Time left 2:29 Borussia Manufacturing uses departmental cost
Accounting Quiz navigation Question 4 Not yet answered Marked out of 6.00 P Flag question Finish attempt Time left 2:29 Borussia Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Production Department and on the basis of direct labor-hours in the Painting and Packaging Department. At the beginning of 20x1 the following estimates were provided for the coming year: Production Painting & Packaging Direct labor-hours 30,000 60,000 Machine-hours 80,000 20,000 Direct labor cost $500,000 $900,000 Manufacturing overhead costs $420,000 $240,000 The accounting records of the company show the following data for Job for Yetor Company: Production Painting & Packaging Direct labor-hours 180 96 Machine-hours 50 8 Direct material cost $400 $300 Direct labor cost $100 $400 Borussia Manufacturing, what are the annual manufacturing overhead cost-allocation rates for the Production Department? What the amount of manufacturing overhead costs will be allocated to Job Yetor? Why is Normal costing used more often than actual Costing? How is the error treated at the end of the period? What other types of costing do you know? Comment on them [bonus 3points)
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