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Google estimates it will incur $200,000 of total overhead cost during 2022. Google allocates overhead based on machine hours; it estimates it will use a
Google estimates it will incur $200,000 of total overhead cost during 2022. Google allocates overhead based on machine hours; it estimates it will use a total of 20,000 machine hours. For the job 101, the actual machine hour used was 150 and actual labor hours was 300 . a) Compute the predetermined overhead rate to be used to apply overhead during the year. b) Determine how much overhead should be applied to job 101 . c) Prepare journal entry to record overhead applied
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