For 2020, Mariam's Animal SupplyManufacturing uses machine-hours as theonly overhead cost-allocation base. Theaccounting records contain estimated andactual Manufacturing overhead costs of$100,000 and $120,000 respectively andestimated and actual Machine-hours of20,000 and 25,000 respectively. Using normalcosting, the amount of manufacturingoverhead costs allocated to jobs during 2020is:а.$150,000b.$100,000С.$125,000d.$120,000

Manufacturing Overheads are the various indirect material, labour and other costs incurred during a…

Answered: а. $150,000 b. $100,000 С. $125,000 d.

Business

Accounting

а. $150,000 b. $100,000 С. $125,000 d.

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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Question

For 2020, Mariam's Animal Supply
Manufacturing uses machine-hours as the
only overhead cost-allocation base. The
accounting records contain estimated and
actual Manufacturing overhead costs of
$100,000 and $120,000 respectively and
estimated and actual Machine-hours of
20,000 and 25,000 respectively. Using normal
costing, the amount of manufacturing
overhead costs allocated to jobs during 2020
is:
а.
$150,000
b.
$100,000
С.
$125,000
d.
$120,000

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