Question: Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $ 1

Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,694,828. The company used 2,000 machine hours of processing on Job A during the period and incurred overhead costs totaling $2,100,000. The budgeted machine hours for the year totaled 55,354. How much overhead should be applied to Job A? Do not round intermediate calculations. Round the final answer to the nearest whole dollar.
Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,694,828. The company used 2,000 machine hours of processing on Job A during the period and incurred overhead costs totaling $2,100,000. The budgeted machine hours for the year totaled 55,354. How much overhead should be applied to Job A? Do not round intermediate calculations. Round the final answer to the nearest whole dollar.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $ 2 , 4 9 2 , 3 4 1 . The company used 2 , 0 0 0...

Q:

Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $ 2 , 4 9 2 , 3 4 1 . The company used 2 , 0 0 0...

Q:

Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $ 2 , 5 3 7 , 3 6 6 . The company used 2 , 0 0 0...

Q:

1. Guapo Industries uses machine hours as its activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $1,606,987. The company used 2,000 machine hours of...

Q:

- Question 4 5 pts Rapido, LLC uses machine hours as the activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,200,000. The company used 1,000 hours...

Q:

please help!! will thunbs up!!! Rapido, LLC uses machine hours as the activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,139,585. The company used...

Q:

Rapido, LLC uses machine hours as the activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $ 2 , 0 9 5 , 2 9 8 . The company used 9 6 4 hours of...

Q:

Rapido, LLC uses machine hours as the activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,200,000. The company used 1,000 hours of processing on...

Q:

on 22 red Zanone, Inc. uses machine hours as the activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of...

Q:

QUESTION 3: Nagham Manufacturing is a small manufacturer that uses machine hours as its activity base for assigning manufacturing overhead costs to jobs. The company estimated the following...

Q:

You have been contacted by the owner of a Jewelery Retail shop, Magna Qarta , to prepare their accounts. You observe that they do not have a full set of accounts. However, you extract the following...

Q:

calculate the average collection period. For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Depreciation Operating profit Interest...

Q:

Which of the following statements is incorrect regarding audit procedures related to retained earnings? Group of answer choices Income statement accounts are normally audited in the course of...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...