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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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 cost was $
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 machine
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 cost for the
production of Job #53 reported in its cost sheet?
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