Assume the following: 1. Estimated fixed manufacturing overhead for the coming perio $220,000 2. Estimated variable manufacturing overhead of $2.00 per direc labor hour 3. Actual manufacturing overhead for the period of $320,000 4. Actual direct labor-hours worked of 54,000 hours 5. Estimated direct labor-hours to be worked in the coming perio

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...
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Assume the following:
1. Estimated fixed manufacturing overhead for the coming period of
$220,000
2. Estimated variable manufacturing overhead of $2.00 per direct
labor hour
3. Actual manufacturing overhead for the period of $320,000
4. Actual direct labor-hours worked of 54,000 hours
5. Estimated direct labor-hours to be worked in the coming period of
55,000 hours.
The amount of overhead applied to production during the period is
closest to:
Note: Round your intermediate value of "Predetermined overhead
rate" to two decimal places.
Multiple Choice
$325,926.
$324,000.
$336,004.
Transcribed Image Text:Assume the following: 1. Estimated fixed manufacturing overhead for the coming period of $220,000 2. Estimated variable manufacturing overhead of $2.00 per direct labor hour 3. Actual manufacturing overhead for the period of $320,000 4. Actual direct labor-hours worked of 54,000 hours 5. Estimated direct labor-hours to be worked in the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to: Note: Round your intermediate value of "Predetermined overhead rate" to two decimal places. Multiple Choice $325,926. $324,000. $336,004.
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