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Question 9 2 pts Tomcat Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 75% of
Question 9 2 pts Tomcat Inc. makes drones. It has two manufacturing departments - processing and finishing. The predetermined manufacturing overhead rate is 75% of the direct materials cost and $22 per machine hour for the two departments, respectively. Cost per machine hour equals $4.70. The accountant has the following information available for a particular job: Processing Finishing Machine Hours 372 221 Direct Materials Cost $535 $422 What is the total manufacturing overhead applied to this job? Round your answer to 2 d.p. Question 10 2 pts Hayday Enterprises applies manufacturing overhead on the basis of machine-hours. At the beginning of 2019, the cost accountant estimated the following cost information for the year: Total DM Costs $440,000 Total DL Costs $890,000 $715,000 Total MOH Costs Total Machine Hours 2,000 Total DL Hours 90,000 At the end of 2019, Hayday Enterprises' cost accountant noted that the company used 2,500 machine hours and actual MOH was $869,000. Was manufacturing overhead under-applied or over-applied and by how much? Provide over-application as a positive number, and under-application as a negative
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