Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Long and sens uses a predetermined overhead rate based cn machine-hours to apply manstacturing overhead to jobs. The compary has provided the followin: estimated costs

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Long and sens uses a predetermined overhead rate based cn machine-hours to apply manstacturing overhead to jobs. The compary has provided the followin: estimated costs for next year Long and 5 ons estimates that 500 dirtct labor-hours and 1,000 machine-hours will be worked during the yeor, The predetermined overhead rate per hour will bet 56.00 per machine-hour 53.40 per machinethour 56.00 per machine hour $3.00 per machine hout Quevtion 15 ratinated cents for rest iris Long and Sons estimates that 500 direct tabor hours and 1,000 machine hours will be worked during the year. The predetermined cverheat rate per hour 5600 per machine hoir 1440 per machme hour. 56.80 per machine hour 53.00 per machine-hour Durine the current month the company started and finhed sob is. The following data were recorded for this fobs The amount of overhead applied in the Customizing Department to Job P1 is closest to: (Round your intermediate calculations to 2 decimal places.) \$SEB 00 58.5 00 595,20000 522800 $12.65 $6.65 $15.45 $9.70

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

Students also viewed these Accounting questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago