Stargazer Company logged 7,250 machine hours for the month of June. P42,500 wasspent for manufacturing overhead and this overhead is allocated on the basis ofmachine hours. The company operates 5 departments; however, one department wasclosed for the month of June due to poor market conditions for its product. It wasdecided that this department (#3) should be allocated a lump sum of P5,000 asits share of June overhead.24. If this policy is followed, how much overhead would be charged to Department2, which used 1,750 machine hours?P 1,207b. P 9,052. mа.naC. P10,259etr od bluovEdood. P20,714

Name: Stargazer Company logged 7,250 machine hours for the month of June. P
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Description: Stargazer Company logged 7,250 machine hours for the month of June. P42,500 wasspent for manufacturing overhead and this overhead is allocated on the basis ofmachine hours. The company operates 5 departments; however, one department wasclosed for th

Overhead refers to the business costs as well as expenses that are not attributed directly in order…

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Accounting

Stargazer Company logged 7,250 machine hours for the month of June. P42, spent for manufacturing overhead and this overhead is allocated on the machine hours. The company operates 5 departments; however, one departm closed for the month of June due to poor market conditions for its product. decided that this department (#3) should be allocated a lump sum of P5,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Dep 2, which used 1,750 machine hours? P 1,207 а. b. P 9 052.

Stargazer Company logged 7,250 machine hours for the month of June. P42, spent for manufacturing overhead and this overhead is allocated on the machine hours. The company operates 5 departments; however, one departm closed for the month of June due to poor market conditions for its product. decided that this department (#3) should be allocated a lump sum of P5,000 as its share of June overhead. 24. If this policy is followed, how much overhead would be charged to Dep 2, which used 1,750 machine hours? P 1,207 а. b. P 9 052.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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