Washtenaw Corporation uses a job-order costing system. The following data are for last year: Estimated Direct Labor Hours Estimated Machine Hours Estimated Manufacturing Overhead Cost Actual Direct Labor Hours Actual Machine Hours Actual Manufacturing Overhead Cost 14,000 12,000 $42,600 11,000 13,000 $39,000 Washtenaw applies overhead using a predetermined rate based on marchine hours. What predetermined overhead rate was used last year? (note round POHR to nearest cent) 0a $3.42 b.$3.25 c.$3.55 d.$3.04
Washtenaw Corporation uses a job-order costing system. The following data are for last year: Estimated Direct Labor Hours Estimated Machine Hours Estimated Manufacturing Overhead Cost Actual Direct Labor Hours Actual Machine Hours Actual Manufacturing Overhead Cost 14,000 12,000 $42,600 11,000 13,000 $39,000 Washtenaw applies overhead using a predetermined rate based on marchine hours. What predetermined overhead rate was used last year? (note round POHR to nearest cent) 0a $3.42 b.$3.25 c.$3.55 d.$3.04
Chapter1: Financial Statements And Business Decisions
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Washtenaw Corporation uses a job-order costing system. The following data are for last year:
Estimated Direct Labor Hours
Estimated Machine Hours
Estimated Manufacturing Overhead Cost
Actual Direct Labor Hours
Actual Machine Hours
Actual Manufacturing Overhead Cost
14,000
12,000
$42,600
11,000
13,000
$39,000
Washtenaw applies overhead using a predetermined rate based on marchine hours. What predetermined overhead rate was used last year? (note round POHR to
nearest cent)
a $3.42
b.$3.25
c$3.55
d.$3.04
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