Question 2 Falsify Co uses a job order costing system with a plant wide overhead rate based on machine hours At the beginning of the year, the company made the following estimates Machine hours required supporting estimated production 155,000 hours Fixed manufacturing overhead cost $655,000 Variable manufacturing overhead cost per machine hour $ 4 60 Required a Computer predetermined overhead rate b During the year, Job 400 started and completed The following information was available with respect to this job Calculate total manufacturing costs Direct materials requisitioned $310 Direct labor cost $270 Machine hours used 40 hours c During the year the company worked a total of 145,100 machine hours on all jobs and incurred actual manufacturing overhead costs of $1,281,733 What is the amount of underapplied or overapplied overhead for the year (Use the overhead rate determined in requirement 1 ) d From (c), what would be the impact of underapplied or overapplied overhead on the net operating income Question 2 Falsify Co uses a job order costing system with a plant wide overhead rate based on machine hours At the beginning of the year, the company made the following estimates Machine hours required supporting estimated production 155,000 hours Fixed manufacturing overhead cost $655,000 Variable manufacturing overhead cost per machine hour $ 4 60 Required a Computer predetermined overhead rate b During the year, Job 400 started and completed The following information was available with respect to this job Calculate total manufacturing costs Direct materials requisitioned $310 Direct labor cost $270 Machine hours used 40 hours c During the year the company worked a total of 145,100 machine hours on all jobs and incurred actual manufacturing overhead costs of $1,281,733 What is the amount of underapplied or overapplied overhead for the year (Use the overhead rate determined in requirement 1 ) d From (c), what would be the impact of underapplied or overapplied overhead on the net operating income

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Question 2 Falsify Co. uses a job-order costing system with a plant wide overhead rate based on machine-hours. At the beginning of the year, the

Question 2 Falsify Co. uses a job-order costing system with a plant wide overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates: Machine-hours required supporting estimated production: 155,000 hours Fixed manufacturing overhead cost: $655,000 Variable manufacturing overhead cost per machine-hour: $ 4.60 Required: a. Computer predetermined overhead rate b. During the year, Job 400 started and completed. The following information was available with respect to this job. Calculate total manufacturing costs. Direct materials requisitioned: $310 Direct labor cost: $270 Machine-hours used: 40 hours c. During the year the company worked a total of 145,100 machine-hours on all jobs and incurred actual manufacturing overhead costs of $1,281,733. What is the amount of underapplied or overapplied overhead for the year? (Use the overhead rate determined in requirement 1.) d. From (c), what would be the impact of underapplied or overapplied overhead on the net operating income?