XYZ Co. makes a single product customized for each customer. XYZ Co. uses normal costing, and it has decided that the best allocation base for each product is machine hours. In 2023, the budgeted overhead 216,000. The estimated number of hours that the machine could operate was 5, 400 hours. Actual numbers at the end of the year showed that the total manufacturing overhead incurred was $228, 800 and the operated for a total of 5,200 hours.Job # 53 had the following information reported in its cost sheet:Direct Materials: $14, 500Direct Labor: $23,500- Machine hours: 710How much was the total manufacturing c production of Job # 53 reported in its cost sheet?

XYZ Co. makes a single product customized for each customer. XYZ Co. uses normal costing, and it has decided that the best allocation base for each product is machine hours. In 2023, the budgeted overhead 216,000. The estimated number of hours that the machine could operate was 5, 400 hours. Actual numbers at the end of the year showed that the total manufacturing overhead incurred was $228, 800 and the operated for a total of 5,200 hours.Job # 53 had the following information reported in its cost sheet:Direct Materials: $14, 500Direct Labor: $23,500- Machine hours: 710How much was the total manufacturing c production of Job # 53 reported in its cost sheet?

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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