. Ashe Corporation has two manufacturing departments--Machining and Customizing. The company used the followingdata at the beginning of the year to calculate predetermined overhead rates:Estimated total machine-hours (MHs)Estimated total fixed manufacturing overhead cost $Estimated variable manufacturing overhead cost per MH $Machining machine-hoursCustomizing machine-hoursMachining Customizing Total1,0004,7001.10Job B Job KDuring the most recent month, the company started and completed two jobs--Job B and Job K. There were nobeginning inventories. Data concerning those two jobs follow:700 3001,600 2,400$$4,000 5,0009,200 $ 13,9002.60Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation basein both production departments. The manufacturing overhead applied to Job K is closest to: (Round yourintermediate calculations to 2 decimal places.)

Pre Determined OH :— A predetermined overhead rate is an allocation rate that is used to apply the…

During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job B Job K Machining machine-hours 700 300 Customizing machine-hours 1,600 2,400 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. The manufacturing overhead applied to Job K is closest to: (Round your intermediate calculations to 2 decimal places.)

During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow: Job B Job K Machining machine-hours 700 300 Customizing machine-hours 1,600 2,400 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. The manufacturing overhead applied to Job K is closest to: (Round your intermediate calculations to 2 decimal places.)

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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