The answer of the country is now 12.7 and the answer of the year is to 2024
Answer: $66, 600
Explanation:
Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base = $373,040 ÷ 60,800 direct labor-hours = $6.3 per direct labor-hour Overhead over or underapplied Actual MOH = $432,000 Applied MOH = $6.3 x 58000 = $365,400 Underapplied MOH = 432,000-365,400 = $66,60
it should be noted that financial instruments are created to transfer risks that are difficult to predict.
<h3>What are financial instruments?</h3>
financial instruments can be regarded as contract that exist between individuals/parties which is accessing monetary value.
With these financial instrument , transfer risks in the financial domains can be predicted.
Examples of financial instrument are:
- cheques
- shares
- stocks, bonds
Learn more about financial instrument at;
brainly.com/question/1096688
