Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Just need help to answer this one question I will rate! Many thanks and God bless!!! Keenes Systems allocates manufacturing overhead based on machine hours.

image text in transcribedJust need help to answer this one question

I will rate!

Many thanks and God bless!!!

Keenes Systems allocates manufacturing overhead based on machine hours. Each connector should require 8 machine hours. According to the static budget, Keenes expected to incur the following: 400 machine hours per month (50 connectors 8 machine hours per connector) $4,000 in variable manufacturing overhead costs $9,450 in fixed manufacturing overhead costs During August, Keenes actually used 600 machine hours to make 95 connectors and spent $5,700 in variable manufacturing costs and $6,400 in fixed manufacturing overhead costs. Keenes' standard variable manufacturing overhead allocation rate is O A. $10.00 per machine hour. O B. $33.63 per machine hour. OC. $23.63 per machine hour. OD. $6.67 per machine hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance With Connect Access Card

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

10th Edition

1259672484, 978-1259672484

Students also viewed these Accounting questions