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tia_tia [17]
3 years ago
14

At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b

e operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315000 hours is _____.
Business
1 answer:
Neko [114]3 years ago
3 0

Answer:

Allocated MOH= $252,000

Explanation:

Giving the following information:

Estimated overhead= 240,000

Estimated machine hours= 300,000

Actual machine hours for the year were 315000 hours.

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate=  240,000/300,000= $0.8 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*315,000= $252,000

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4 0
2 years ago
What are some possible short-term savings goals and why are they important? (give examples)
DIA [1.3K]

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2 years ago
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OverLord2011 [107]

Answer:

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Answer:

I think C, because she is taking notes and showing that she is interested in listening.

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