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The Fielder manufacturing company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At the beginning of
The Fielder manufacturing company uses job order costing system. The company uses machine hours to apply overhead cost to jobs. At the beginning of 2020, the company estimated that 7,850 machine hours would be worked and $1,256,000 overhead cost would be incurred during 2020. The following activities took place in the work in process inventory during February: February 1 Bal. b/f 51,250 Direct Materials Used 256,400 WIP Inventory A/C
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To apply overhead costs to jobs using machine hours we first need to calculate the predetermined ove...
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