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Marks Corp uses a budgeted factory overhead rate to apply overhead to production. The following data are available for the year ended December 31, 2019.
Marks Corp uses a budgeted factory overhead rate to apply overhead to production. The following data are available for the year ended December 31, 2019.
The company has budgeted factory overhead of $750,000, direct labor costs of $500,000, and direct labor hours of 15,000.
The actual factory overhead incurred is $800,000, direct labor costs of 450,000, and direct labor hours of 17,000. Direct labor-hours is the allocation base for the assignment of factory overhead. What is the applied overhead based on direct labor hours?
The company has budgeted factory overhead of $750,000, direct labor costs of $500,000, and direct labor hours of 15,000.
The actual factory overhead incurred is $800,000, direct labor costs of 450,000, and direct labor hours of 17,000. Direct labor-hours is the allocation base for the assignment of factory overhead.
What is the applied overhead based on direct labor hours?
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
