Black 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...................... $139,080 Estimated machine-hours..................................... 3,800 Actual manufacturing overhead ........................... $137,000 Actual machine-hours .......................................... 3,780 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's predetermined overhead rate for the year. a.The predetermined overhead rate is closest to: b. The applied manufacturing overhead for the year is closest to: c.The overhead for the year was:
Black Corporation, which applies manufacturing
Estimated manufacturing overhead...................... $139,080
Estimated machine-hours..................................... 3,800
Actual manufacturing overhead ........................... $137,000
Actual machine-hours .......................................... 3,780
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's predetermined overhead rate for the year.
a.The predetermined overhead rate is closest to:
b. The applied manufacturing overhead for the year is closest to:
c.The overhead for the year was:
Step by step
Solved in 2 steps
