Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $286,500, budgeted machine-hours were 19,100. Actual factory overhead was $320,125, actual machine-hours were 19,700. How much overhead would be applied to production? (a) $286,500. (b) $320,125. (c) $310,375. (d) $295,500.

Scottso Corporation applies overhead using a normal costing approach based upon machine-hours. Budgeted factory overhead was $286,500, budgeted machine-hours were 19,100. Actual factory overhead was $320,125, actual machine-hours were 19,700. How much overhead would be applied to production? (a) $286,500. (b) $320,125. (c) $310,375. (d) $295,500.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 8MC: A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the...

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