Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

thanks 14. Aaron, Inc. estimates manufacturing overhead costs for the coming year to be $550,000, Aaron allocates overhead costs based on machine hours. The estimated

thanks image text in transcribed
14. Aaron, Inc. estimates manufacturing overhead costs for the coming year to be $550,000, Aaron allocates overhead costs based on machine hours. The estimated total machine hours for the coming year are 7,000 hours. What is the estimated predetermined overhead allocation rate? (Round your answer to the nearest cent.) A) $107.14 per machine hour B) $30.56 per labor hour $1.36 per labor hour D) $78,57 per machine hour 15. Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given below: Direct labor cost Direct materials cost Machine hours Direct labor hours Predetermined overhead allocation rate $890 $1,100 8 hou 21 hours $60 per machine hour What is the total cost of Job 12? A) $2,470 B) $1,990 C) $1,370 D) $1,580

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions