Peter Manufacturing uses machine-hours as the only overhead cost- allocation base. The estimated manufacturing overhead costs are $300,000, and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 60,000. Using job costing, the 2021 budgeted manufacturing overhead rate is (Round the final answer to the nearest cent.) ○ A) $6.00 per machine-hour B) $7.00 per machine-hour OC) $8.40 per machine-hour D) $5.00 per machine-hour
Peter Manufacturing uses machine-hours as the only overhead cost- allocation base. The estimated manufacturing overhead costs are $300,000, and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 60,000. Using job costing, the 2021 budgeted manufacturing overhead rate is (Round the final answer to the nearest cent.) ○ A) $6.00 per machine-hour B) $7.00 per machine-hour OC) $8.40 per machine-hour D) $5.00 per machine-hour
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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3 9 12 15 1 18 For 2021, Peter Manufacturing uses machine-hours as the only overhead cost- allocation base. The estimated manufacturing overhead costs are $300,000, and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 60,000. Using job costing , the 2021 budgeted manufacturing overhead rate is (Round the final answer to the nearest cent.) ○ A) $6.00 per machine-hour B) $7.00 per machine-hour OC) $8.40 per machine-hour D) $5.00 per machine-hour
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