Question: 2 Q please Question 10 4 pts Selected information regarding a company's most recent quarter follows (all data in thousands). Purchases of direct materials............... $290

Question 10 4 pts Selected information regarding a company's most recent quarter follows (all data in thousands). Purchases of direct materials............... $290 Sales revenue......... $3,540 Manufacturing overhead. $460 Direct materials used. $430 Direct labor...... $260 Beslinning raw materials inventory..... $210 What was the ending raw materials inventory? $70 $350 0 $430 $720 George's Chemicals allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost.. $235,000 Actual manufacturing overhead cost. ......... $244 200 Estimated machine hours.. 20,300 Actual machine hours 22,700 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined manufacturing overhead rate per machine hour is closest to $10.76 $1158 $0.96 12.03
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
