FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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$156,160
$158,429
$165,920
$161,330
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Transcribed Image Text:Multiple Choice $156,160 $158,429 $165,920 $161,330
A manufacturing company has a standard costing system based on standard machine-hours (MHs) as the measure of activity. Data from the
company's flexible budget for manufacturing overhead are given below.
Denominator level of activity 6.400 MHs
Overhead costs at the denominator activity level:
Variable overhead cost $33,920
Fixed overhead cost $122,240
The following data pertain to operations for the most recent period:
Actual hours 6,800 MHs
Standard hours allowed for the actual output 6,493 MHs
Actual total variable overhead cost $37,340
Actual total fixed overhead cost $123,990
How much overhead was applied to products during the period to the nearest dollar?
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Transcribed Image Text:A manufacturing company has a standard costing system based on standard machine-hours (MHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below. Denominator level of activity 6.400 MHs Overhead costs at the denominator activity level: Variable overhead cost $33,920 Fixed overhead cost $122,240 The following data pertain to operations for the most recent period: Actual hours 6,800 MHs Standard hours allowed for the actual output 6,493 MHs Actual total variable overhead cost $37,340 Actual total fixed overhead cost $123,990 How much overhead was applied to products during the period to the nearest dollar?
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