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Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $168,330. Estimated direct labor cost was $439,830 for 18.100 hours. Actual costs for the most recent month are summarized here: Total Item Description Direct labor (1.810 hours) Cost 543,984 Indirect costs Indirect labor Indirect materials. Factory rent 2,430 3,440 3,340 Factory supervision 4,830 Factory depreciation 5,720 Factory janitorial work 1,260 Factory insurance 1,830 General and administrative salaries 4,200 Selling expenses 5,380 Required: 1. Calculate the predetermined overhead rate. 2. Calculate the amount of applied manufacturing overhead. 3. Calculate actual manufacturing overhead costs. 4. Compute over- or underapplied overhead. Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 3 Required 4
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