Stuart, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment...
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Stuart, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation Supplies Materials handling Property taxes Production setup Rent Maintenance Supervisory salaries $ 190,900 20,400 33,900 13,000 19,000 44,900 39,500 409,800 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 212,000 and for machines were 133,000. Required a. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 148,000. Note: Do not round intermediate calculations. a. Predetermined overhead rate b. Applied manufacturing overhead per machine hour $
Stuart, Incorporated estimates manufacturing overhead costs for the Year 3 accounting period as follows. The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 212,000 and for machines were 133,000. Required a. Calculate the predetermined overhead rate. Note: Round your answer to 2 decimal places. b. Determine the amount of manufacturing overhead applied to Work in Process Inventory during the Year 3 period if actual machine hours were 148,000. Note: Do not round intermediate calculations
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