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Suppose a company expects $15,000,000 in overhead during the year and expects to use 100,000 machine hours. Product X uses 4,000 machine hours, Product Y

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Suppose a company expects $15,000,000 in overhead during the year and expects to use 100,000 machine hours. Product X uses 4,000 machine hours, Product Y uses 2,000 machine hours, and Product Z uses 3,000 machine hours during the month of January, which is the company's first month in business. a. How much overhead will be applied to each product during Janu >y assuming that the company uses machine hours as the cost driver? b. Now, assume that all units that were started in January were finished in January. 60% of the units of Product X were sold during January, 40% of the units of Y were sold during January, and 25% of the units of Product Z were sold during January. How much of the overhead applied will be in inventory and how much will be in cost of goods sold

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