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Hi !!!!!! I only want ask Question3! I want detail answer about how can i get manufacturing overhead incurred!please! At the beginning of the year,
Hi !!!!!! I only want ask Question3! I want detail answer about how can i get manufacturing overhead incurred!please!
At the beginning of the year, the company expected to incur the following. Manufacturing overhead costs ....... $ 550,000 Direct labor cost. $ 1,550,000 Machine hours... 68,750 1,230,000 At the end of the year, the company had actually incurred: Direct labor cost ..... $ Depreciation on manufacturing plant and equipment. ...... $ Property taxes on plant... $ Sales salaries ..... $ Delivery drivers' wages.. $ Plant janitors' wages. $ Machine hours.... 470,000 19,000 23,000 13,000 12,000 57,000 hours Metal Foundry in Youngstown, Ohio, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following: (Click the icon to view the costs.) Requirements 1. Compute Metal's predetermined manufacturing overhead rate 2. How much manufacturing overhead was allocated to jobs during the year? 3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underalocated or overallocated at the end of the year? By how muchStep by Step Solution
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