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Please show work and answer question number 1. Make it easy to read the answer. It should be four answers. Please highlight the answers. Also
Please show work and answer question number 1. Make it easy to read the answer. It should be four answers. Please highlight the answers. Also please answer if it over or under applied.
Tinkle-Tinkle Glass Company makes glass globe paper weights for desks. The company uses a job-order cost system and predetermined overhead rates to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Fabrication Department is based on machine hours, and the rate in the Finishing Department is based on direct labor hours. At the beginning of the year, the company's management made the following estimates for the year: tnt. Fabrication Finishing Machine hours Direct labor hours Direct material cost Direct labor cost Fixed manufacturing overhead cost Variable manufacturing overhead per machine hour Variable manufacturing overhead per direct labor hour 83,000 30,000 $412,000 $299,000 28,000 43,000 $213,000 $692,000 $799,000 $279,000 $2.05 $2.00
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