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Step 1: Calculate the estimated total manufacturing overhead cost for each department...

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Accounting

Step 1: Calculate the estimated total manufacturing overhead cost for each department
Step 2: Calculate the predetermined overhead rate in each department
Milling
Assembly
Total manufacturing overhead
Total machine-hours or direct labor-hours
Predetermined overhead rate per machine-hour or direct labor-hour
Step 3: Calculate the amount of overhead applied from both departments to Job 407Which of the following statements is true?
multiple choice 2
The plantwide overhead rate underestimates the overhead cost per machine-hour in Fabrication and overestimates the overhead cost per machine-hour in Molding.
The plantwide overhead rate overestimates the overhead cost per machine-hour in Fabrication and underestimates the overhead cost per machine-hour in Molding.
The plantwide overhead rate overestimates the overhead cost per machine-hour in Fabrication and overestimates the overhead cost per machine-hour in Molding.
The plantwide overhead rate underestimates the overhead cost per machine-hour in Fabrication and underestimates the overhead cost per machine-hour in Molding.
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