KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090 direct labor hours during the year. Actual direct labor hours came in at 4,150. Calculate the predetermined overhead allocation rate, and prepare the journal entry for the allocation of overhead. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090 direct labor hours during the year. Actual direct labor hours came in at 4,150. Calculate the predetermined overhead allocation rate, and prepare the journal entry for the allocation of overhead. (Round your answers to two decimal places when needed and use rounded answers for all future calculations).

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Description: Please provide answer in text (Without image) KC Enterprises estimated the company will incur $96,380 in overhead costs and will use 5,090direct labor hours during the year. Actual direct labor hours came in at 4,150.Calculate the predetermined overh

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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