Cost Accounting (15th Edition)
Cost Accounting (15th Edition)
15th Edition
ISBN: 9780133428704
Author: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
Question
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Chapter 17, Problem 17.9Q
To determine

To explain: The reason to call FIFO method as modified or department FIFO method.

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What is the cost of goods manufactured for the year ?
At the beginning of the year, manufacturing overhead for the year was estimated to be $720,000. At the end of the year, actual direct labor hours for the year were 30,000 hours, the actual manufacturing overhead for the year was $690,000, and the manufacturing overhead for the year was overapplied by $45,000. If the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours at the beginning of the year used in the predetermined overhead rate must have been ____ hours. (round your answer to nearest number)
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Chapter 17 Solutions

Cost Accounting (15th Edition)

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