Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Estimated manufacturing overhead for the year $ 30,000 Estimated direct labor hours for the year 2,000Two jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,200 and 1,000, respectively. The actual manufacturing overhead was $37,000. What was the amount of manufacturing overhead applied to Job A-101? $24,000. $44,000. $18,000. $16,000.
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Estimated manufacturing overhead for the year $ 30,000 Estimated direct labor hours for the year 2,000Two jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,200 and 1,000, respectively. The actual manufacturing overhead was $37,000. What was the amount of manufacturing overhead applied to Job A-101? $24,000. $44,000. $18,000. $16,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:
Two jobs were worked on during the year: Job A-101 and Job A-102. The number of direct labor-hours spent on Job A-101 and Job A-102 were 1,200 and 1,000, respectively. The actual manufacturing overhead was $37,000.
What was the amount of manufacturing overhead applied to Job A-101?
| Estimated manufacturing overhead for the year | $ | 30,000 |
| Estimated direct labor hours for the year | 2,000 |
What was the amount of manufacturing overhead applied to Job A-101?
|
$24,000.
|
||
|
$44,000.
|
||
|
$18,000.
|
||
|
$16,000.
|
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