Question
Use the following to answer the question 18,19, and 20. Action Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the
Use the following to answer the question 18,19, and 20. Action Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations.
Estimated Manufacturing Overhead$139,080
Estimated machine hours.3,800
Actual Manufacturing Overhead..$137,000
Actual machine hours3,780
The estimates of the manufacturing overhead and of machine-hours were at the beginning of the year for the purpose of comparing the companys predetermined overhead rate for the year. The predetermined overhead rate is closed to:
A.$36.60
B.$36.41
C.$36.24
D.36.05
The appplied manufacturing overhead for the year is closer to:
A. $136,269
B.$138,348
C.$136,987
D.137,630
The overhead for the year:
A.$732 underapplied B.$1,348 under-applied C.$732 underapplied D. $1,348 underapplied
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
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](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started