Kelsie Corporation is using a predetermined overhead rate that was based on estimatedtotal fixed manufacturing overhead of $510,000 and 30,000 machine-hours for theperiod. The company incurred actual total fixed manufacturing overhead of $517,000 and27,000 total machine-hours during the period. The amount of manufacturing overheadthat would have been applied to all jobs during the period is closest to:Select one:O a. $459,000O b. $574,444O c. $17Od. $19.15

Step 1:Computation of the predetermined overhead rate: Predetermined OH rate = Estimated total fixed…

Answered: Kelsie Corporation is using a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost A $ 60,000 B $ 50,000 C $ 60,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product AnnualDemand A B C 1 16,000 3 4 4 2 10,000 6 5 1 3 15,000 1 3 6 4 17,000 5 3 4 Click here for the Excel Data File a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 10 hours a day, 240 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole…

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