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Spacex Company, led by the visionary Elon Musk, had the following costs in its quarterly reports. Direct materials used $297,600 Direct labor incurred (9,500 hours)
Spacex Company, led by the visionary Elon Musk, had the following costs in its quarterly reports. Direct materials used $297,600 Direct labor incurred (9,500 hours) $245,400 Actual manufacturing overhead $349,300 incurred SpaceX, based on Mr. Musk's guidance, used a predetermined overhead rate using estimated overhead of $412,800 and 8,600 estimated direct labor hours. Furthermore, Spacex has the only inventory balance as an ending Finished Goods balance of $19,900. How much overhead did they apply during the quarter? Multiple Choice O $456,000 0 $245,400 0 $412,800 O $349,300
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