Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kody Corporation uses a job order costing system with plant wide overhead rate based cn machine-hours. At the begmng of the year, the company made
Kody Corporation uses a job order costing system with plant wide overhead rate based cn machine-hours. At the begmng of the year, the company made the following estim ates: the beg Fixed manufacduring averhead cost Variable manufacturing averhead cost per machine-hour S 858,000 4.70 redie tha Required: 1. Compute the predetermined overhead rate(Do not round intermediate calculations. Round your answerto 2 deci mal places.) per MH 2. During the year Jcb 500 was stariad and compienad. The folowing informaion was avalable wth naspact to this job $ 200 38 M ine-hours used Compute the total manufacturing cost essigned to Job 500. (Round your intermediate calculations and final answer to 2 decimal places.) 3-a. During the year the company worked a total of 145,000 machinehours on all jpbs and incurred actual manufacturing owerhead costs af $1,286,350. What is the amount of underapplied or cverapplied overhead for the year? (Round your intermediate calculations to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started