A Corporation has two production departments, Milling and Oustomizing. The compony uses a job-order costing...
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Accounting
A Corporation has two production departments, Milling and Oustomizing. The compony uses a job-order costing system and computes a predefermined oveihead rate in each production department. The Miling Department's predetermined overhead rate is based on machine-hours and the Customizing Department's piedetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the followirg estimutes: Duing the curtert month the company staned and finished a Job. The following data were reconded for this jotx: The anoumt of owemead applied in the Miling Department to the Job is closest to. (Round your intermediate calculations to 2 decimal piacas.)
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