Company uses predetermined overhead
Company uses predetermined overhead (oh) rate. Beg of yr: est mfg oh $248,800. End of yr: actual direct labor hours for the yr 16,800 hrs, mfg oh for the year was underapplied by $17000. Actual mfg oh was $243,800. Predetermined oh rate was?
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On March 15, 2011, XYZ Corp obtained a nine-month working capital loan from Bank Three. The face amount of the note signed by the treasurer was $300,000.
Company uses predetermined overhead (OH) rate in applying OH to production orders. Dept A on labor cost basis and Dept B on machine hrs basis. Beg of yr.
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