11. A company expected its annual overhead costs to be $1,800,000 and estimated direct labor costs to be $1,000,000. How much is the company's predetermined overhead rate to the nearest cent? 12. If, at the end of the period, the manufacturing overhead account has a credit balance, then manufacturing overhead is: 13. Equivalent units of production is the sum of units completed and transferred out plus equivalent units of beginning work in process.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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11. A company expected its annual overhead costs to be $1,800,000 and estimated direct
labor costs to be $1,000,000.
How much is the company's predetermined overhead rate to the nearest cent?
12. If, at the end of the period, the manufacturing overhead account has a credit balance, then manufacturing
overhead is:
13. Equivalent units of production is the sum of units completed and transferred out plus
equivalent units of beginning work in process.
Transcribed Image Text:11. A company expected its annual overhead costs to be $1,800,000 and estimated direct labor costs to be $1,000,000. How much is the company's predetermined overhead rate to the nearest cent? 12. If, at the end of the period, the manufacturing overhead account has a credit balance, then manufacturing overhead is: 13. Equivalent units of production is the sum of units completed and transferred out plus equivalent units of beginning work in process.
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