Question
Subject: Cost Accounting Chapter : Job Order Costing _____________________________________________________________________________________________________________________________ Question 1 Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate
Subject: Cost Accounting
Chapter: Job Order Costing
_____________________________________________________________________________________________________________________________
Question 1
Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours | 40,000 | |
Total fixed manufacturing overhead cost | $ | 344,000 |
Variable manufacturing overhead per machine-hour | $ | 3.90 |
Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to:
a) $984 | ||
b) | $516 | |
c) | $234 | |
d) | $750 |
NOTE: need correct answer and explanation if you want upvote
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