Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $139,080 3,838 $137,000 3,800 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company predetermined overhead rate for the year. The predetermined overhead rate is closest to:

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $139,080 3,838 $137,000 3,800 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company predetermined overhead rate for the year. The predetermined overhead rate is closest to:

Name: OThe predetermined overhead rate is closest to:Multiple ChoiceO$36.41
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Description: OThe predetermined overhead rate is closest to:Multiple ChoiceO$36.41$36.05$35.90$36.24$36.79 Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year ofoperation

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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Subject:
During June, XYZ Company incurred OMR 95,000 of actual Manufacturing Overhead and actual labor hours were 15,000. During the same period, the Manufacturing Overhead was estimated to be OMR 90,000 for the period along with 20,000 direct labor hours. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: a. debit to Work in Process of OMR 67,500 O b. debit to Manufacturing Overhead of OMR 95,000 O. credit to Workin Process of OMR 71,250 O d. None of the given answer is correct Oe credit to Manufacturing Overhead of OMR 71,250 CLEAR MY CHOICE
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