Assume that a company uses a standard cost system and applies overhead to production based on direct labor - hours. It provided the following excerpt from the standard cost card of its only product: Standard Hours Standard Rate Standard Cost Fixed manufacturing overhead 2 hours $ 6.00 per hour $ 12.00 During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000. The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor- hours were actually used to produce 24, 240 units. How much fixed overhead was applied to work in process? Multiple Choice $288, 880 $290, 880 $286, 880 $289, 880

Assume that a company uses a standard cost system and applies overhead to production based on direct labor - hours. It provided the following excerpt from the standard cost card of its only product: Standard Hours Standard Rate Standard Cost Fixed manufacturing overhead 2 hours $ 6.00 per hour $ 12.00 During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000. The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor- hours were actually used to produce 24, 240 units. How much fixed overhead was applied to work in process? Multiple Choice $288, 880 $290, 880 $286, 880 $289, 880

Name: Har Assume that a company uses a standard cost system and applies over
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Description: Har Assume that a company uses a standard cost system and applies overhead to production based on directlabor - hours. It provided the following excerpt from the standard cost card of its only product: StandardHours Standard Rate Standard Cost Fixed

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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