FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 620,000 units are expected to be produced
taking 0.80 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts?
Estimated:
Department 1
$3,111,500
Department 2
Manufacturing overhead costs
$1,526,000
Direct labor hours
152,000 DLH
252,000 DLH
Machine hours
252,000 MH
177,000 MH
Multiple Choice
O $11.48 per unit
$12.35 per unit
$8.65 per unit
$5.04 per unit
$10.81 per unit
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Transcribed Image Text:Lake Erie Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 620,000 units are expected to be produced taking 0.80 machine hours each. How much overhead will be assigned to each unit produced given the following estimated amounts? Estimated: Department 1 $3,111,500 Department 2 Manufacturing overhead costs $1,526,000 Direct labor hours 152,000 DLH 252,000 DLH Machine hours 252,000 MH 177,000 MH Multiple Choice O $11.48 per unit $12.35 per unit $8.65 per unit $5.04 per unit $10.81 per unit
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