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Ymax Inc. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead
Ymax Inc. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $1,540,000 Estimated machine hours 110,000 On January 31 the following information was available: Job # Description 2440 Direct materials $9,600 Direct labour $6,800 Machine hours 130 Required: Job # 2441 $4,300 $3,100 60 Use the job order costing system to answer the following questions. The predetermined plantwide overhead rate is $. per machine hour. The amount of overhead applied to Job 2440 is $ A/ The total cost of Job 2440, after overhead is applied, is $ Job 2440 was completed and the client was billed cost plus 75%. The price charged for the job was $ The total cost of Job 2441, after overhead is applied, is $ At the end of the year total actual machine hours were 102,000. Therefore, total overhead applied to all jobs for the year was $ A In addition, at the end of the year actual factory overhead was $1,389,000. Given this information, is factory overhead over-applied (enter OA), under-applied (enter UA), or neither (enter NA). Be sure to enter the correct letters! A/ Given the above information, the total over- or under-applied factory overhead for the year was $ Enter your answer as a positive number. A
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