Essay
Manchester Ltd. uses a job-order costing system and a predetermined overhead rate based on machine hours.
At the beginning of the year, the company estimated manufacturing overhead for the year would be £135,000 and 9,000 machine hours would be used.
The following information pertains to December of the current year:
Actual manufacturing overhead costs incurred in December were £31,000.
Required:
a.
Compute the predetermined overhead application rate.
b.
Determine the total cost associated with each job.
Correct Answer:
Verified
Correct Answer:
Verified
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