EBK ACCOUNTING:TOOLS F/BUSINESS...
EBK ACCOUNTING:TOOLS F/BUSINESS...
7th Edition
ISBN: 9781119494799
Author: Kimmel
Publisher: WILEY
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Chapter 15, Problem 4BE
To determine

Prepare the journal entry to record the factory labor used.

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Thurman Industries forecasts that total overhead for the current year will be $13,250,000 with 175,000 total machine hours. Year to date, the actual overhead is $8,420,000 and the actual machine hours are 89,000 hours. The predetermined overhead rate based on machine hours is _. (Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.)
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