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Assume that the following predictions were made for 2018 for one of the plants of Milliken & Company:Total manufacturing overhead for the year$ 20,000,000Total machine

Assume that the following predictions were made for 2018 for one of the plants of Milliken & Company:Total manufacturing

overhead for the year$ 20,000,000Total machine hours

for the year1,600,000

Actual results for February 2018 were as follows:

Manufacturing overhead$ 2,205,000Machine hours205,000

(a) Determine the 2018 predetermined overhead rate per machine hour. (Enteranswer using two decimal places.)

$Answer

Incorrect

0.00 points out of 1.00

(b) Using the predetermined overhead rate per machine hour, determine the manufacturing overhead applied to Work-in-Process during February.

$Answer

Incorrect

0.00 points out of 1.00

(c) As of February 1, actual overhead was underapplied by $400,000. Determine the cumulative amount of any overapplied or underapplied overhead at the end of February.

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