6)Concord Corporation thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1650000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1700000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12? a) $1700 b) $82500 ) $85000 d) $1650

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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6)Concord Corporation thinks machine hours is the best activity base for its manufacturing overhead. The
estimate of annual overhead costs for its jobs was $1650000. The company used 1000 hours of processing
on Job No. B12 during the period and incurred overhead costs totaling $1700000. The budgeted machine
hours for the year totaled 20000. How much overhead should be applied to Job No. B12?
a) $1700
b) $82500
C) $85000
d) $1650
Transcribed Image Text:6)Concord Corporation thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1650000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $1700000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12? a) $1700 b) $82500 C) $85000 d) $1650
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