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Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs
Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July- Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour. Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred Direct materials Direct labor cost Job Y $13,000 $ 21,000 1,440 Job 2 $8,000 $ 7,500 500 $13,000 $ 1.00 2,000 $ 12,800 Actual direct labor hours worked How much manufacturing overhead was applied to Job Y?
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