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Orange Ltd. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead
Orange Ltd. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $2,280,000 Estimated machine hours 120,000 On March 31 the following information was available: Job # Job # Description 3210 3211 Direct materials $13,200 $5,900 Direct labour $9,400 $4,200 Machine hours 140 60 Use the above information to answer the questions which follow. Question 7 (1 point) The amount of overhead applied to Job 3210 is $_ A/ Question 8 (1 point) The total cost of Job 3211, after overhead is applied, is $ A/ Question 9 (2 points) Job 3210 was completed in March and the client was billed at cost plus 60%. The price of Job 3210 was $ A/ Question 10 (2 points) At the end of the year actual machine hours were 110.000; therefore, total overhead applied to all jobs for the year was $ A/ Question 11 (1 point) At the end of the year actual factory overhead is $2.098.000. This means that factory overhead is
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