a B AABB AaBbc AaBbcc AABBC AaBbCel AaBbCel AaBbccl Titulo 1 Titulo 1 1 Titulo 2 11 Titulo 3 Titulo 4 Buscar Reemplaza Selecciona Titulo 5 1 Titulo 6 1 Titulo 7 Estilos Edicin PROBLEM VI (20 Puntos) Veronic Manufacturing is a small manufacturer that uses machine-hours as its activity base for assigned overhead costs to jobs. The company presents the following data for 2019 for the company and for Job 62: Company Job 62 Direct materials $60,000 $4,500 Direct labor $25,000 $2,500 Estimated manufacturing overhead costs $72,000 Estimated machine hours 90,000 Actual machine hours 94,000 1350 During 2019, the actual overhead costs were $71,000. Instructions (a) Compute the predetermined overhead rate for the company. 6) Compute the total manufacturing costs for Job 62. (c) How much overhead is over or under applied for the year for the company? State the amount and whether it is over or under applied. (d) If Veronic Manufacturing sells Job 62 for $14,000, compute the gross profit. Solution PROBLEM VI a. Predetermined overhead rate for Veronic Company 6. Total manufacturing costs for Job 62 - I c. State amount and whether it is over- or under applied for the company - d. Compute the gross profit for Job 62