Meenach Corporation uses a job-order costing system with a single plantwide pres hours. The company based its predetermined overhead rate for the current year manufacturing overhead cost of $150,000, and a variable manufacturing overheac X387 was completed and required 150 direct labor-hours
Meenach Corporation uses a job-order costing system with a single plantwide pres hours. The company based its predetermined overhead rate for the current year manufacturing overhead cost of $150,000, and a variable manufacturing overheac X387 was completed and required 150 direct labor-hours
Chapter1: Financial Statements And Business Decisions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
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:Meenech Corporation uses a job-order costing system with a single plantwide predetermined overhead roate based on direct labor-
hours. The company based its predetermined overhead rate for the current year on 75.000 direct labor-hours, total fixed
manufacturing overhead cost of $150,000, and a variable manufacturing overhead rate of $2.70 per direct labor-hour Recently Job
X387 was completed and required 150 direct labor hours
Required:
Calculate the amount of overhead applied to Job X387
Note: Do not round intermediate calculations.
Overhead applied to Job X387
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