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Managerial accounting. Thank you The Fine manufacturing company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At

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The Fine manufacturing company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At the beginning of 2012, the company estimated that 150,000 machine hours would be worked and $900,00 overhead cost would be incurred during e012. The balances of raw materials, work in process(WIP), and finished goods at the beginning of 2012 were as follows: The Fine manufacturing company recorded the following transactions during 2012: Raw materials purchased on account. $820,000. Raw materials were requisitioned for use in production. $760,000 ($720,000 direct materials and $40,000 indirect materials)

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