Question
Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year. Budgeted Actual Overhead cost $1,415,400 $969,470 Machine hours
Infotrac Inc. sells a high-speed retrieval system for information. It provides the following information for the year.
| Budgeted | Actual | |||
| Overhead cost | $1,415,400 | $969,470 | ||
| Machine hours | 50,550 | 45,390 | ||
| Direct labour hours | 103,120 | 94,930 |
Overhead is applied on the basis of machine hours.
a.Calculate the predetermined overhead rate per machine hour.
b.Determine the amount of overhead applied for the year.
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CISA Certified Information Systems Auditor Study Guide
Authors: David L. Cannon, Timothy S. Bergmann, Brady Pamplin
1st Edition
0782144381, 978-0782144383
