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TB MC Qu. 7-95 (Algo) Golden Corporation uses direct labor-hours in its...   Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 23,500 hours. At the end of the year, actual direct labor-hours for the year were 22,300 hours, the actual manufacturing overhead for the year was $596,220, and manufacturing overhead for the year was underapplied by $25,340. The estimated manufacturing overhead at the beginning of the year used to calculate the predetermined overhead rate must have been:   Multiple Choice :     A ) $570,880.  B) $601,600.  C) $622,646.  D) $590,840.

TB MC Qu. 7-95 (Algo) Golden Corporation uses direct labor-hours in its...   Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 23,500 hours. At the end of the year, actual direct labor-hours for the year were 22,300 hours, the actual manufacturing overhead for the year was $596,220, and manufacturing overhead for the year was underapplied by $25,340. The estimated manufacturing overhead at the beginning of the year used to calculate the predetermined overhead rate must have been:   Multiple Choice :     A ) $570,880.  B) $601,600.  C) $622,646.  D) $590,840.

FINANCIAL ACCOUNTING
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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TB MC Qu. 7-95 (Algo) Golden Corporation uses direct labor-hours in its...

 

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 23,500 hours. At the end of the year, actual direct labor-hours for the year were 22,300 hours, the actual manufacturing overhead for the year was $596,220, and manufacturing overhead for the year was underapplied by $25,340. The estimated manufacturing overhead at the beginning of the year used to calculate the predetermined overhead rate must have been:

 

Multiple Choice : 
 

 A ) $570,880.

 B) $601,600.

 C) $622,646.

 D) $590,840.

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