What is the overhead applied in COGS for job X5? Accounting question Elite Products applied $195,000 in overhead for the periodusing 30,000 machine hours. Job X5 used 6,600 machinehours, and it was the only job sold.What is the overhead applied in COGS for Job X5?

Step 1: Definition of Applied OverheadApplied overhead is the portion of estimated manufacturing…

Answered: Elite Products applied $195,000 in…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 2PB: Rulers Company is a neon sign company that estimated overhead will be $60,000, consisting of 1,500...

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York Company Is a machine shop that estimated overhead will be $50,000, consisting of 5,000 hours of direct labor. The cost to make job 0325 is $70 in aluminum and two hours of labor at $20 per hour. During the month. York incurs $50 in indirect material cost. $150 in administrative labor, $300 in utilities, and $250 in depreciation expense. What is the predetermined overhead rate if direct labor hours are considered the cost driver? What is the cost of Job 0325? What is the overhead incurred during the month?
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Elite Products applied $195,000 in overhead for the period using 30,000 machine hours. Job X5 used 6,600 machine hours, and it was the only job sold. What is the overhead applied in COGS for Job X5?