Essay
Verry Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours.The company based its predetermined overhead rate for the current year on the following data:
Recently Job X711 was completed and required 90 direct labor-hours.
Required:
a.Calculate the estimated total manufacturing overhead for the year.
b.Calculate the predetermined overhead rate for the year.
c.Calculate the amount of overhead applied to Job X711.
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Correct Answer:
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