Mahon Corporation has two production departments, Casting and Customizing The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate based on machine-hours and the Customing Department's predetermined overhead rate is based on direct labor-hours At the beginning of the current year the company had made the following ses Machine-hours Direct labor hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour variable manufacturing overhead per direct labor-hour Casting Customizing 15,000 4,000 12,000 6,000 $105,000 5 2.30 $ 62,400 During the current month the company started and finished Job Tue. The following data were recorded for the job Job 1130 Machine hours Casting 70 12 Customizing Direct labor-hours The amount of overhead applied in the Customsning Department to Job T138 is closest to Round your intermediate calculations to 2 decimal places.) Multiple Choice SUB400 583 400 00 51043.00 $52.00

Mahon Corporation has two production departments, Casting and Customizing The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate based on machine-hours and the Customing Department's predetermined overhead rate is based on direct labor-hours At the beginning of the current year the company had made the following ses Machine-hours Direct labor hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour variable manufacturing overhead per direct labor-hour Casting Customizing 15,000 4,000 12,000 6,000 $105,000 5 2.30 $ 62,400 During the current month the company started and finished Job Tue. The following data were recorded for the job Job 1130 Machine hours Casting 70 12 Customizing Direct labor-hours The amount of overhead applied in the Customsning Department to Job T138 is closest to Round your intermediate calculations to 2 decimal places.) Multiple Choice SUB400 583 400 00 51043.00 $52.00

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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