A Company uses a job order costing system and estimated it will have direct materials cost of $86,000 and $100,000 of direct labor cost next year. The company estimates its overhead next year will be $69,000. It also expects to incur 28,600 machine hours. If the company bases applied overhead on machine hours, its predetermined overhead rate for the next period should be (rou your answer to two decimal places): O $1.45/MH. O $0.69/MH. O $2.99 per MH. $2.41 per MH.

A Company uses a job order costing system and estimated it will have direct materials cost of $86,000 and $100,000 of direct labor cost next year. The company estimates its overhead next year will be $69,000. It also expects to incur 28,600 machine hours. If the company bases applied overhead on machine hours, its predetermined overhead rate for the next period should be (rou your answer to two decimal places): O $1.45/MH. O $0.69/MH. O $2.99 per MH. $2.41 per MH.

Name: A Company uses a job order costing system and estimated it will have
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Description: A Company uses a job order costing system and estimated it will have direct materials cost of $86,000 and $100,000 of directlabor cost next year. The company estimates its overhead next year will be $69,000. It also expects to incur 28,600 machineho

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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