Acme Company uses a job-order costing system with a singleplantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate forthe current year on the following data:Total machine-hoursTotal fixed manufacturing overhead costVariable manufacturing overhead per machine-hourRecently, Job T687 was completed with the followingcharacteristics:Number of units in the jobTotal machine-hoursDirect materialsDirect labor cost1040$710$ 1,42032,500$ 455,000$5 Total machine-hoursDirect materialsDirect labor costThe amount of overhead applied to Job T687 is closestto: (Round your intermediate calculations to 2 decimal places.)O $760.00O $455.00O $875.60O $652.0040$710$1,420

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Description: Acme Company uses a job-order costing system with a singleplantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate forthe current year on the following data:Total machine-hoursTotal fixed manufa

The overhead is applied to the production on the basis of predetermined overhead rate. The…

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plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following haracteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 40 $710 $1,420 32,500 $ 455,000 $5

plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Recently, Job T687 was completed with the following haracteristics: Number of units in the job Total machine-hours Direct materials Direct labor cost 10 40 $710 $1,420 32,500 $ 455,000 $5

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 8MC: A company calculated the predetermined overhead based on an estimated overhead of $70.000, and the...

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