Question: In a job-order costing system that is based on machine-hours, which of the following formulas is NOT correct? Multiple Choice Total Cost of a Job

In a job-order costing system that is based on machine-hours, which of the following formulas is NOT correct?

Multiple Choice

Total Cost of a Job = Actual direct materials + Actual direct labor + Allocated manufacturing overhead

Predetermined overhead rate = Actual manufacturing overhead Estimated machine-hours

Allocated manufacturing overhead = Actual machine hours X Predetermined overhead rate (Over)/Under

Allocated overhead = Actual manufacturing overhead - Allocated manufacturing overhead

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