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ACT 204-Managerial Accounting a: Grant Co, had the following data for their manufacturing process Estimated annual machine hours Estimated annual factory overhead: Estimated annual production

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ACT 204-Managerial Accounting a: Grant Co, had the following data for their manufacturing process Estimated annual machine hours Estimated annual factory overhead: Estimated annual production Actual factory overhead- December Actual production December Actual machine hours used- December $75,000 150,000 units $ 8,050 23,000 units 2,663 hours Required: Calculate the predetermined annual overhead rate for Grant Co using machine hours as the activity base Required: What was the overhead cost applied to WIP inventory for the units produced in December using the company's predetermined overhead rate based on machine hours calculated above? b Johnson Enterprises anticipates that they will incur the following costs and expenses during the coming year Direct Material Direct Labor (e$11 per hour) Indirect Material Indirect Labor Factory Depreciation Other Manufacturing Overhead 250,000 99,000 12,000 15,000 27,000 18,000 Required: From the above listing of costs, what costs would be identified as manufacturing overhead ? Required: if manufacturing overhead is assigned on the basis of direct labor hours, what is the predetermined manufacturing overhead rate for the coming year? oft. venue ACT 204- Managerial Accounting Overhead Costs a: Grant Co. had the following data for their manufacturing process Estimated annual machine hours: Estimated annual factory overhead: Estimated annual production: 30,000 hours $ 75,000 150,000 units $8,050 Actual factory overhead- December Actual production December 23,000 units 2,663 hours Actual machine hours used- December Required: Calculate the predetermined annual overhead rate for Grant Co using machine hours as the activity base Required: What using the company's predetermined overhead rate based on machline hours calculated above? was the overhead cost applied to WIP inventory for the units produced in December, b Johnson Enterprises anticipates that they wil incur the following costs and expenses during the coming year: Direct Material Direct Labor (@$11 per hour) Indirect Material Indirect Labor Factory Depreciation Other Manufacturing Overhead 250,000 99,000 12,000 15,000 27,000 18,000 Required: From the above listing of costs, what costs would be identified as manufacturing overhead Required: If manufacturing overhead is assigned on the basis of direct labor hours, what is the predetermined manufacturing overhead rate for the coming year

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