Answer:
$256,284
Explanation:
The computation is shown below:
First, Calculate the predetermined overhead rate per hour which equals to
= (Estimated manufacturing Overhead cost ÷ estimated machine hours)
= ($235,900 ÷ 20,800 hours)
= $11.34 per hour
So, the applied overhead or manufacturing overhead allocated equals to
= Predetermined overhead rate per hour × actual machine hours
= $11.34 per hour × 22,600 hours
= $256,284
The objective of <u>Fact-finding</u> is to gather data about project usability, costs, benefits, and schedules.
<h3>What is a fact finding process?</h3>
Fact-finding is known to be a kind of a non-binding process or an act that entails a qualified impartial third party that tends to make some written findings of fact as well as recommendations for the solving or handling of any issue.
Note that All costs incurred of fact-finding are borne by the employer and the union and as such, The objective of <u>Fact-finding</u> is to gather data about project usability, costs, benefits, and schedules.
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