MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based itspredetermined overhead rate for the current year on the following data:Total estimated direct labor-hours50,000Total estimated fixed manufacturing$285,000overhead costEstimated variable manufacturing overheadper direct labor-hour3.80$Recently, Job P123 was completed with the following characteristics:Total actual direct labor-hours20$ 710$ 500Direct materialsDirect labor costThe predetermined overhead rate is closest to:Multiple Choice$13.30 per direct labor-hour$3.80 per direct labor-hour$9.50 per direct labor-hour$5.70 per direct labor-hour

Name: MNO Corporation uses a job-order costing system with a predetermined
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Description: MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based itspredetermined overhead rate for the current year on the following data:Total estimated direct labor-hours50,000Total

The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

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ANO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based it predetermined overhead rate for the current year on the following data: Total estimated direct labor-hours 50,000 $285,000 Total estimated fixed manufacturing overhead cost Estimated variable manufacturing overhead 3.80 per direct labor-hour $ Recently, Job P123 was completed with the following characteristics: Total actual direct labor-hours 20 $ 710 $ 500 Direct materials Direct labor cost The predetermined overhead rate is closest to:

ANO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company based it predetermined overhead rate for the current year on the following data: Total estimated direct labor-hours 50,000 $285,000 Total estimated fixed manufacturing overhead cost Estimated variable manufacturing overhead 3.80 per direct labor-hour $ Recently, Job P123 was completed with the following characteristics: Total actual direct labor-hours 20 $ 710 $ 500 Direct materials Direct labor cost The predetermined overhead rate is closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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