During 2014, Jackson Company estimated that its manufacturing employees would work 72,000 direct labor hours. During the
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During 2014, Jackson Company estimated that its manufacturing employees would work 72,000 direct labor hours. During the year the company actually used 66,000 direct labor hours. Actual manufacturing overhead costs amounted to $362,000. Jackson applies overhead cost on the basis of direct labor hours. The manufacturing overhead account was over applied by $14,200 during 2014. Based on this information the predetermined overhead rate was:
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111971724
9th edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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