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Kalp Corporation has two production departments. Machining and Finishing The company uses a job-order costing system and computes a predetermined overhead rate in each
Kalp Corporation has two production departments. Machining and Finishing The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor hours. At the beginning of the current year, the company had made the following estimates Machine soun Drector hours Machin 10,000 Fing 12000 20001 000 $ 036,300 180 05.000 Vangoverta per direct labor hour 320 During the current month the company started and finished Job K920. The following data were recorded for this job Machine-hours Overal Drecte Machining 90 10 30 50 5775 630 $1050 (4) What is the manufacturing overhead cost applied to the Job K928 from finishing department? (Round your intermediate calculations to 2 decimal places.) Multiple Choice $595 $495
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