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all parts and how was it calculated plz Review Problem #1 Abbott Company bases its predetermined overhead rate on estimated machine-hours for the upcoming year.
all parts and how was it calculated plz
Review Problem #1 Abbott Company bases its predetermined overhead rate on estimated machine-hours for the upcoming year. Data for the upcoming year appears below: Direct Materials Wage Rate Estimated Direct Labor Hours Actual Direct Labor Hours Estimated Machine Hours Actual Machine Hours Estimated Fixed Manufacturing Overhead Estimated Variable Manufacturing Overhead Actual Manufacturing Overhead $250,000 $15 per direct labor hour 15,000 12,500 5,000 4,000 $150,000 $5.00 per machine hour $130,000 Please answer the following questions regarding the information for Abbott Company. 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead assigned to Job #200. 3. Determine if overhead was over or under applied. 4. Complete the job cost sheet for Job #200Step by Step Solution
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