Plz answer within an hour Thankyou..... Question 66. Procter & Gamble has two manufacturing departments--Forming and Packaging. The companyused the following data at the beginning of the year to calculate predetermined overhead rates:FormingPackaging TotalEstimated total machine-hours (MHs)9,7301,10010,830Estimated total fixed manufacturing overhead cost $57,250 $3,100 $ 60,350Estimated variable manufacturing overhead cost per2$2.25 $2.15MHDuring the most recent month, the company started and completed two jobs--Job 1 and Job 2.There were no beginning inventories. Data concerning those two jobs follow:Job 1Job 2Forming machine-hours5,7003,100Packaging machine-hours430570Assume that the company uses a plantwide predetermined manufacturing overhead rate based onmachine-hours. The amount of manufacturing overhead applied to Job 2 is:

Lets understand the basics. Activity rate is required to calculate to allocate overhead cost to…

6. Procter & Gamble has two manufacturing departments--Forming and Packaging. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Packaging Total Estimated total machine-hours (MHs) 9,730 1,100 10,830 Estimated total fixed manufacturing overhead cost $ 57,250 $ 3,100 $ 60,350 Estimated variable manufacturing overhead cost per $ 2.25 $ 2.15 MH During the most recent month, the company started and completed two jobs--Job 1 and Job 2. There were no beginning inventories. Data concerning those two jobs follow: Job 1 Job 2 Forming machine-hours 5,700 3,100 Packaging machine-hours 430 570 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job 2 is:

6. Procter & Gamble has two manufacturing departments--Forming and Packaging. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Forming Packaging Total Estimated total machine-hours (MHs) 9,730 1,100 10,830 Estimated total fixed manufacturing overhead cost $ 57,250 $ 3,100 $ 60,350 Estimated variable manufacturing overhead cost per $ 2.25 $ 2.15 MH During the most recent month, the company started and completed two jobs--Job 1 and Job 2. There were no beginning inventories. Data concerning those two jobs follow: Job 1 Job 2 Forming machine-hours 5,700 3,100 Packaging machine-hours 430 570 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to Job 2 is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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