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Hi i need help with this question please- At the beginning of the year, Potter Company estimated the following: Overhead $864,000 Direct labour hours 320,000
Hi i need help with this question please-
At the beginning of the year, Potter Company estimated the following:
Overhead | $864,000 |
Direct labour hours | 320,000 |
Potter uses normal costing and applies overhead on the basis of direct labour hours. For the month of January, direct labour hours were 7,950. By the end of the year, Potter showed the following actual amounts:
Overhead | $904,000 |
Direct labour hours | 330,400 |
Assume that unadjusted Cost of Goods Sold for Potter was $942,680.
Complete Exercise 5-11 and answer the following questions. Remember to enter numeric amounts without a $ or , {a comma}. lfthe answer is $20,000.00. then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452. round down to 1.45 1. The predetermined overhead rate for Potter is x 2. The overhead applied to production in January is Q/ 3. The total applied overhead for the year is Q/ . Manufacturing overhead was I}; (overapplied. underapplied} by $ 4. The adjusted Cost of Goods Sold after adjusting for the overhead variance is xStep by Step Solution
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