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This is a managerial accounting problem. 3. Data for Jones Manufacturing: The company uses direct labor hours to apply manufacturing overhead. Budgeted manufacturing overhead for
This is a managerial accounting problem.
3. Data for Jones Manufacturing: The company uses direct labor hours to apply manufacturing overhead. Budgeted manufacturing overhead for the coming year equals $400,000. The estimated number of direct labor hours equals 100,000. a. Calculate the predetermined overhead rate. The workers worked 105,000 actual direct labor hours during the year. The pay rate was $20 per hour. The amount of direct purchased during the year equaled $700,000. The amount of direct material used in production for the year equaled $600,000 material b. What was the total manufacturing costs applied to jobs for the year? Show calculations Direct material Direct labor Anolied manufacturing overhead Total 3. Data for Jones Manufacturing: The company uses direct labor hours to apply manufacturing overhead. Budgeted manufacturing overhead for the coming year equals $400,000. The estimated number of direct labor hours equals 100,000 a. Calculate the predetermined overhead rate. The workers worked 105,000 actual direct labor hours during the year. The pay rate was $20 per hour. The amount of direct purchased during the year equaled $700,000. The amount of direct material used in production for the year equaled $600,000 material b. What was the total manufacturing costs applied to jobs for the year? Show calculations. Direct material Direct labor Agolled manufacturing overhead Total Step by Step Solution
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