Glannitti Corporation bases Its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for th Estimated machine-hours 72,700 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead $ 3.30 per machine-hour $838,740 The predetermined overhead rate for the recently completed year was closest to:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

 

       
Estimated machine-hours   72,700  
Estimated variable manufacturing overhead $ 3.30 per machine-hour
Estimated total fixed manufacturing overhead $ 838,740  
   

 

The predetermined overhead rate for the recently completed year was closest to:

 

 

Sargent Corporation applies overhead cost to jobs on the basis of 80% of direct labor cost. If Job 210 shows $20,560 of manufacturing overhead cost applied, how much was the direct labor cost on the job?

 
Sargent Corporation applies overhead cost to Jobs on the basis of 80% of direct labor cost. If Job 210 shows $20,560 of manufacturing overhead cost applied, how much was the direct labor cost on the Job?
Multiple Choice
$25,700
$37,008
$16.448
$20,560
Transcribed Image Text:Sargent Corporation applies overhead cost to Jobs on the basis of 80% of direct labor cost. If Job 210 shows $20,560 of manufacturing overhead cost applied, how much was the direct labor cost on the Job? Multiple Choice $25,700 $37,008 $16.448 $20,560
Glannitti Corporation bases Its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
Estimated machine-hours
72,700
Estimated variable manufacturing overhead
Estimated total fixed manufacturing overhead
3.30 per machine-hour
$838,740
$4
The predetermined overhead rate for the recently completed year was closest to:
Multiple Choice
$9.90 per machine-hour
$6.74 per machine-hour
$14.84 per machine-ho
$8.67 per machine-hour
Transcribed Image Text:Glannitti Corporation bases Its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,700 Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 3.30 per machine-hour $838,740 $4 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $9.90 per machine-hour $6.74 per machine-hour $14.84 per machine-ho $8.67 per machine-hour
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