Kilt Company had the following information for the year: Direct materials used Direct labor incurred (5,200 hours) Actual manufacturing overhead incurred $ 118, 10 150,30 170,40 Kilt Company used a predetermined overhead rate of $39 per direct labor hour for the year and estimated that direct ahor hours would total 5720 hours Accume the only Kilt Company used a predetermined overhead rate of $39 per direct labor hour for the year and estimated that direct labor hours would total 5,720 hours. Assume the only inventory balance is an ending Work in Process balance of $17,100. How much overhead was applied during the year?
Kilt Company had the following information for the year: Direct materials used Direct labor incurred (5,200 hours) Actual manufacturing overhead incurred $ 118, 10 150,30 170,40 Kilt Company used a predetermined overhead rate of $39 per direct labor hour for the year and estimated that direct ahor hours would total 5720 hours Accume the only Kilt Company used a predetermined overhead rate of $39 per direct labor hour for the year and estimated that direct labor hours would total 5,720 hours. Assume the only inventory balance is an ending Work in Process balance of $17,100. How much overhead was applied during the year?
Chapter1: Financial Statements And Business Decisions
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Kilt Company had the following information for the year:
Direct materials used
Direct labor incurred (5,200 hours)
Actual manufacturing overhead incurred
$ 118, 100
150,300
170,400
Kilt Company used a predetermined overhead rate of $39
per direct labor hour for the year and estimated that direct
ahor houre would total 5720 hours Accumo the only
Kilt Company used a predetermined overhead rate of $39
per direct labor hour for the year and estimated that direct
labor hours would total 5,720 hours. Assume the only
inventory balance is an ending Work in Process balance of
$17,100. How much overhead was applied during the year?
Multiple Choice
Transcribed Image Text:O
O
O
O
O
$170,400
$118,100
$150,300
$150,300
$202,800
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