How much overhead must be applied, Accounting Basics

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How much overhead must be applied

Vektek, Inc. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $615,000. The company used 1,000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $630,000. The budgeted machine hours for the year totaled 20,000. How much overhead should be applied to Job No. B12?

A) $630

B) $30,750

C) $31,500

D) $615

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Accounting Basics: How much overhead must be applied

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Accounting Basics: How much overhead must be applied

Reference No:- TGS090347

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Under-or overapplication of overhead for the period

Q : Cost of goods manufactured during the year amounted

Q : What amount was transferred to the finished goods

Q : Direct labor incurred related problem

Q : How much overhead must be applied

Q : Company predetermined overhead rate to the nearest cent

Q : How much inventory was requisitioned

Q : Cost of the finished goods on hand problem

Q : Finance

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Ask an Expert for Answer!!

Accounting Basics: How much overhead must be applied

Reference No:- TGS090347

Recent Questions Asked Accounting Basics

Q : Under-or overapplication of overhead for the period

Q : Cost of goods manufactured during the year amounted

Q : What amount was transferred to the finished goods

Q : Direct labor incurred related problem

Q : How much overhead must be applied

Q : Company predetermined overhead rate to the nearest cent

Q : How much inventory was requisitioned

Q : Cost of the finished goods on hand problem

Q : Finance

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