For year 1 Alvise Enterprise estimated total overhead to be $920,000 for the year with 40,000 machine

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For year 1 Alvise Enterprise estimated total overhead to be $920,000 for the year with 40,000 machine hours. In October the company accumulated the following:

5,000 machine hours used

Bought $110,000 of direct materials;

Used $92,000 of direct materials

Incurred $200,000 of direct labor

How much was added to Alvise Enterprise’s work in process account in October?

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: May 17, 2023 08:06 AM

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For year 1 Alvise Enterprise estimated total overhead to be $920,000 for the year with 40,000 machine

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To calculate the amount added to Alvise Enterprises work in process WIP account in October we need t... View the full answer

Cost Accounting

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