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Dahasolnce [82]
3 years ago
7

Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs

to be $404,000, and direct labor costs to be $2,020,000. Actual overhead costs for the year totaled $383,000, and actual direct labor costs totaled $1,810,000. At year-end, factory overhead is:
Business
1 answer:
spin [16.1K]3 years ago
8 0

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

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Consider two firms producing smartphones. one uses a highly automated robotics process, while the other uses human workers on an
anastassius [24]
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The answer is B im pretty sure


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Read 2 more answers
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