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Tesla, Inc. had the following costs in the current quarter based on which they are doing an analysis. Direct materials used $ 210,000 Direct labor
Tesla, Inc. had the following costs in the current quarter based on which they are doing an analysis.
Direct materials used | $ | 210,000 |
Direct labor incurred (7,000 hours) | $ | 256,000 |
Actual manufacturing overhead incurred | $ | 284,000 |
Elon Musk, Tesla's CEO used a predetermined overhead rate using estimated overhead of $336,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,000. How much overhead was applied during the quarter?
Multiple Choice
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$256,000
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$284,000
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$294,000
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$336,000
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