Benson, Inc. estimates manufacturing overhead costs for the Year 3 accounting period as follows. Equipment depreciation...

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Benson, Inc. 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 $191,300 19,900 33,200 13, 200 20,600 43,600 38,100 220,900 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 219,000 and for machines were 132,000. Required a. Calculate the predetermined overhead rate. (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 147,000. (Do not round intermediate calculations.) a. Predetermined overhead rate b. Applied manufacturing overhead per machine hour Benson, Inc. 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 $191,300 19,900 33,200 13, 200 20,600 43,600 38,100 220,900 The company uses a predetermined overhead rate based on machine hours. Estimated hours for labor in Year 3 were 219,000 and for machines were 132,000. Required a. Calculate the predetermined overhead rate. (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 147,000. (Do not round intermediate calculations.) a. Predetermined overhead rate b. Applied manufacturing overhead per machine hour

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Answer Solution a Predetermined overhead rate 44 per machine hour b Applied manufacturing ov... View the full answer