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Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that the total manufacturing overhead would be $1,155,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 49,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory $333,291 $357,997 Finished Goods Inventory $856,362 Actual direct labor hours used 52,650 Actual overhead incurred $1,234,576 For the year, manufacturing overhead was

Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that the total manufacturing overhead would be $1,155,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 49,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory $333,291 $357,997 Finished Goods Inventory $856,362 Actual direct labor hours used 52,650 Actual overhead incurred $1,234,576 For the year, manufacturing overhead was

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
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For the year

Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that the total manufacturing overhead would be $1,155,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 49,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory $333,291 $357,997 Finished Goods Inventory $856,362 Actual direct labor hours used 52,650 Actual overhead incurred $1,234,576 For the year, manufacturing overhead was
Transcribed Image Text:Mirada Manufacturing produces pumps for residential swimming pools. For the year, management estimated that the total manufacturing overhead would be $1,155,000. Management decided to use direct labor hours to apply manufacturing overhead and budgeted 49,000 direct labor hours. The balance in over- or underapplied overhead is deemed to be small. The following information was compiled before an adjustment had been made to close Manufacturing Overhead Control: Raw Materials Inventory Work in Process Inventory $333,291 $357,997 Finished Goods Inventory $856,362 Actual direct labor hours used 52,650 Actual overhead incurred $1,234,576 For the year, manufacturing overhead was
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