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lora16 [44]
2 years ago
5

A company is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $492,000 and

30,000 machine-hours for the period. The company incurred actual total fixed manufacturing overhead of $517,000 and 28,300 total machine-hours during the period. The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
KatRina [158]2 years ago
8 0

Answer:

$ 464,120

Explanation:

Calculation to determine what The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:

Estimated overhead Rate = ( Estimated Fixed Manufacturing Overhead) / (Estimated Machine Hours )

Estimated overhead Rate = $ 492,000 / 30,000 hours

Estimated overhead Rate = $ 16.4 / hr

Total amount of overhead =Overhead Rate × Actual total machine-hours

Total amount of overhead = $ 16.4 / hr × 28,300 hours

Total amount of overhead= $ 464,120

Therefore The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:$ 464,120

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Answer:

The correct answer is:

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In order to calculate the cash excess or deficiency for March, we have to determine the net balance for the period from January, February and March, after deducting the total expenditures from the incomes as follows:

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January                  = $ 1,061,200

February                = $ 1,182,400

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Note, we are told that the minimum cash requirement = $340,000

Therefore:

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