Cream Company is expected to utilize 3,000 machine hours with fixed manufacturing overhead budgeted at P1,410 and an estimated variable manufacturing overhead rate of P2.10 per hour. Actual production required 2,700 machine hours, with a total overhead of P7,800. What is the over or under applied manufacturing overhead? A P13,098 over applied B D P861 over applied P13,098 under applied P861 under applied

Cream Company is expected to utilize 3,000 machine hours with fixed manufacturing overhead budgeted at P1,410 and an estimated variable manufacturing overhead rate of P2.10 per hour. Actual production required 2,700 machine hours, with a total overhead of P7,800. What is the over or under applied manufacturing overhead? A P13,098 over applied B D P861 over applied P13,098 under applied P861 under applied

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Description: Cream Company is expected to utilize 3,000 machine hours with fixed manufacturing overhead budgeted at P1,410 and anestimated variable manufacturing overhead rate of P2.10 per hour. Actual production required 2,700 machine hours, with a totaloverhea

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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