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I need answer for the section B please Checker, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting
I need answer for the section "B" please
Checker, Inc., produces automobile bumpers. Overhead is applied on the basis of machine hours required for cutting and fabricating. A predetermined overhead application rate of S9.30 per machine hour was established for 2016. Required: a. If 9,600 machine hours were expected to be used during 2016, how much overhead was expected to be incurred? Budgeted overhead 89,280 b. Actual overhead incurred during 2016 totaled $120,375, and 10,100 machine hours were used during 2016. Calculate the amount of over-or underapplied overhead for 2016 (Input the amount as positive value.) npu he amount ae pvu 10, nderapplied overhead c. Whether the overapplied or underapplied overhead for the year is normally transferred to cost of goods sold in the income statement? Yes O NoStep by Step Solution
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